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Reform' stocks - The market lingo for stocks that have benefited from the government's recent policy decisions in some sectors such as retail, aviation, and power - are going places. The decision to allow up to 51% foreign direct investment (FDI) in multi-brand retail has propelled stocks of Pantaloon, Shoppers Stop, and Trent.
After the announcement on September 12, the ET Retail index has gained 13.21% against the 3.93% gain of the BSE Sensex. The shares of Spicejet BSE 1.74 %, too, have gone up by 8.86% after the government decided to allow FDI in aviation up to 49%. Shares of Jet AirwaysBSE 1.54 % didn't react to the news, but Kingfisher Airlines BSE -4.80 % gained 20.4%. Similarly, the financial restructuring....
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Oct 15 - Indian markets are closed on Wednesday due to assembly elections in Maharashtra state. The benchmark BSE index fell 0.13 percent, or 34.74 points, to end at 26,349.33 on Tuesday. The broader NSE index lost 0.26 percent, or 20.25 points, to at 7,864.Stock exchanges will reopen tommorow on 16 Oct 2014.
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