India, the world's largest consumer of gold has created a number of rich jewellers over the years.
Indian jewellers such as Gitanjali Gems, Malabar Gold and Kalyan Jewellers have opened stores abroad to limit the slump in sales.
Participants are eagerly waiting for the key macrodata -- IIP and CPI numbers due to be released later today.
The Sensex soared 402 points higher to end at 25,720 and the Nifty surged 130 points to close at 7,819.
Dealers expect prices to fall further, owing to an impending rate hike in the US
It was unclear how bankers were deciding which jewellers to support
Sectors such as Auto, Banks, Capital Goods, FMCG, Metal, Oil & Gas and Power are trading marginally lower.
Firms generated free cash flows in 2013-14, for the first time since the 2008 Lehman crisis
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