Future Retail witnessed a rise in share price on Monday after Amazon India and Future Group announced a strategic alliance that will leverage the strong product knowledge, extensive brand portfolio and sourcing base of future group and the ecommerce platform, customer base and reach of Amazon.in. The partnership will initially focus on the Future's Group fashion brands and will subsequently cover all other categories.

Shares of the company are trading at Rs 117.10, up Rs 3.05, or 2.67% at the Bombay Stock Exchange (BSE) on Monday at 10:56 a.m.

The scrip has touched an intra-day high of Rs 120 and low of Rs 116.10. The total volume of shares traded at the BSE is 126,934.