Logistics Stocks Gain On FDI Boost For E-Commerce Sector

Logistics shares were in focus on Wednesday after the government on Tuesday approved 100 per cent foreign investment in marketplace e-commerce companies. The formalising of rules for the first time for the multi-billion dollar e-commerce sector will also give a big boost for the logistics sector, analysts said.  "An explicit position from the government on where it stood with reference to e-commerce has been long overdue. In that s...