Retail stocks surge, talk govt may tackle FDI into sector

Pantaloon Retail surges 8.5%, Trent up 4.2%

Retail stocks surged on Friday on market talk the government may consider opening up the multi-brand retail sector to foreign direct investment, according to dealers.

Pantaloon Retail surged 8.5 percent as of 2.44 p.m., while Trent rose 4.2 percent and Shoppers Stop advanced 2.2 percent.