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Market Now: Cabinet approves 100% FDI in single-brand retail; shares mixed

NEW DELHI: Retail sector stocks were trading mixed after uni..

NEW DELHI: Retail sector stocks were trading mixed after union cabinet approved 100 per cent FDI in single-brand retail on Wednesday.

Shares of SORIL Infra Resources (up 5.88 per cent), RCL Retail (up 5.03 per cent), Principal Pharmaceuticals (up 4.95 per cent), Shoppers Stop (up 4.85 per cent), V-Mart Retail Ltd (up 4.31 per cent), Future Enterprises (up 3.83 per cent), V2 Retail (up 3 per cent), Trent (up 2.37 per cent), Avenue Supermarts (up 2.35 per cent) and Aditya Vision (up 1.85 per cent) were trading up.

On the contrary, TAAZAINT (down 4.96 per cent), REI Six Ten Retail (down 2.78 per cent), Koutons Retail India (down 2.08 per cent), Provogue (India) (down 1.95 per cent), Aditya Birla Fashion & Retail (down 1.88 per cent), SORIL Holdings and Ventures (down 1.68 per cent), Future Lifestyle Fashions Ltd (down 1.19 per cent) and TMRVL (down 0.62 per cent) were losing in trade.

The NSE Nifty50 index was trading 26 points down at 10,611 at around 12:50 pm (IST), while the 30-share BSE Sensex was 69 points down at 34,374.

Hindustan Petroleum Corporation (up 1.67 per cent), Wipro (up 1.61 per cent), Adani Ports & Special Economic Zone (up 1.31 per cent) and Coal India (up 1.25 per cent) were among the top gainers in the Nifty pack.

On the other hand, UPL (down 1.76 per cent), Indiabulls Housing Finance (down 1.63 per cent), Hindalco Industries (down 1.53 per cent) and Eicher Motors (down 1.45 per cent) were among the top losers.

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