Entertainment, retail shares gain; Store One, V-Mart up over 5%

Mukta Arts, Store One Retail, V-Mart Retail, Inox Leisure and Aditya Birla Fashion up more than 5% each.

Shares of companies engaged in media and retail business have rallied by up to 18% on the bourses in noon deals, after the Cabinet on Wednesday cleared the model Shops and Establishment Act that would allow cinema halls, restaurants, shops, banks and other such workplaces to be open 24X7. LINK

Mukta Arts (18% to Rs 77), Store One Retail India (10% at Rs 168), V-Mart Retail (7% at Rs 491), Inox Leisure (7% at Rs 234), Aditya Birla Fashion and Retail (6% at Rs 142), UFO Moviez India (5% at Rs 550), Shopper Stop (5% at Rs 379) and PVR (up 3.2% at Rs 980) were up more than 3% each on the BSE.