Recently, there has been a mushrooming of international apparel retailers.
Markets finished lower for the sixth consecutive day as hopes of the Goods and Services tax (GST) bill being passed in the current session of the Parliament faded considerably.
Top gainers from the Sensex pack are ONGC, HDFC, HUL, RIL and Cipla.
Indian equity markets registered their highest single-day percentage gains since early October.
Markets end in red; bluechips struggle to keep pace.
The 30-share Sensex ended in the red.
Among other stocks, IT firm Mphasis today reported a 15.30% increase in consolidated net profit at Rs 184.72 crore for the quarter ended September 30, 2015.
Most Asian stock markets steadied on Wednesday.
Financials are the top gainers along with index heavyweights.
All the sectoral indices, led by realty, metal, consumer durables and power were trading in the negative zone on Thursday.
The benchmark BSE Sensex ended down 2.23 per cent. The Bank Nifty fell 3.59 per cent.
Market breadth continued to remain strong, with 1899 gainers and 674 losers on the BSEs.
OIL, IOC, HPCL, BPCL slipped between 0.1-1.5% each while the oil producing companies such as ONGC (0.1%), RIL (1.5%), GAIL(2.6%) also edged lower.
Banking shares saw a renewed buying interest on the hopes of a rate-cut by the central bank post the easing of macro-economic data.
On the sectoral front, rate-sensitive sectors such as Bankex and Auto gained by 1% and 0.7% respectively while BSE Consumer Durables gained 1.4%.
The upcoming July derivatives expiry later in the week would also add some volatility to the market proceedings.
Sensex dull at close, Infosys rules, ITC drags.
The WPI inflation stood at negative 2.4% in May 2015, compared with a negative 2.65% in April 2015.
According to Nielsen India online viewership has doubled since 2011.
The Sensex had bounced back with gains of 94 points or 0.3%
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