Shares of leading listed players in the retail space fell on Wednesday as investors turned jittery ahead of Walmart Inc.’s announcement of the acquisition of a controlling stake in online retailer Flipkart.
Avenue Supermarts, which operates the hugely-popular Dmart chain of supermarket stores, lost 1.05% or ₹15.35 to close at ₹1,448.10. Ever since the company made its debut on the bourses in March 2017, the shares had a splendid run rising almost fivefold compared with their issue price of ₹299.
Future Retail, which manages Big Bazaar, slid 1.74% or ₹10.20 to close at ₹574.55. Shoppers Stop and V-Mart Retail also lost marginal ground to close in the red even as the benchmark Sensex gained 103.03 points or 0.29% to close at 35,319.35. The overall market breadth was also negative as more than 1,500 stocks declined as against 1,157 gainers.
