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Trent, Pantaloon, Shoppers Stop soar on FDI in multi-brand retail hopes

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IMF managing director Christine Lagarde gives a speech at a special forum preceding in Tokyo.
IMF managing director Christine Lagarde gives a speech at a special forum preceding in Tokyo.
Retail stocks traded with strong gains on reports that the government may allow foreign direct investment in multi-brand retail stores post the Presidential elections. Shares in Koutons Retail traded with over 13 per cent gains at Rs 10.10 on the BSE, while Tata Group retail arm Trent jumped 10.5 per cent to Rs 1,056.90. Shoppers Stop, Provogue India, and Pantaloon Retail gained 6-9 per cent in a flat Mumbai market Thursday.A Cabinet...
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