Shoppers Stop fell 3.22% at Rs 453. The stock hit a 52-week high of Rs 494 on Wednesday, 5 December 2012.
Shares of Shoppers Stop had outperformed the market over the past one month till 6 December 2012, rising 12.15% compared with the Sensex's 3.56% rise. The scrip had also outperformed the market in past one quarter, soaring 34.52% as against Sensex's 12.34% rise.
Pantaloon Retail India fell 0.84% to Rs 237.15. The stock hit a 52-week high of Rs 252 in intraday on Thursday, 6 December 2012.
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Shares of Pantaloon Retail India had outperformed the market over the past one month till 6 December 2012, soaring 23.75% compared with the Sensex's 3.56% rise. The scrip had also outperformed the market in past one quarter, surging 72.73% as against Sensex's 12.34% rise.
Trent fell 0.37% at Rs 1265. The stock hit a record high of Rs 1,324.70 on Wednesday, 5 December 2012.
Shares of Trent had outperformed the market over the past one month till 6 December 2012, rising 9.61% compared with the Sensex's 3.56% rise. The scrip had also outperformed the market in past one quarter, gaining 22.31% as against Sensex's 12.34% rise.
Meanwhile, the BSE Sensex was rose down 74.90 points, or 0.38%, at 19,411.90.
The government won a vote in the Rajya Sabha on its new policy to allow foreign supermarkets to enter Indian retail market. While the UPA got the support of 123 MPs, 109 MPs voted against it and one MP abstained.
The Samajwadi Party walked out of the Rajya Sabha ahead of voting on FDI in retail. The Bahujan Samaj Party (BSP) chief Mayawati on Thursday, 6 December 2012, said that BSP will vote in favour of the government during the retail FDI vote in the Rajya Sabha. The BSP supremo made her decision clear during a debate on FDI in retail in the Rajya Sabha saying her party took in consideration the fact that FDI will not be forced upon the states.
FDI in multi-brand retail on Wednesday 5 December 2012 got the approval of the Lok Sabha as the Opposition motion seeking immediate withdrawal of the decision was rejected convincingly as MPs of BSP and SP walked out of the house before the vote. 218 voted in favour of the Opposition motion, while 253 voted against it in the House where 471 members participated in the voting. The total strength of the House is 545. Lok Sabha also rejected the motion seeking amendment to the rules notified by the Reserve Bank under Foreign Exchange Management Act (FEMA) to enable FDI in multi-brand retail. While 254 voted in favour of the government, 224 were against.
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