Jewellery stocks like Titan, Senco Gold, and Kalyan Jewellers saw significant drops of up to 9% following Prime Minister Modi’s appeal to reduce gold purchases for weddings. This, combined with March quarter earnings, impacted the sector. Despite strong financial results from Titan and Kalyan Jewellers, the market reacted negatively to the government’s conservation efforts.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets