The CBI has arrested Kamlesh Parekh, a fugitive wanted in a 10-year-old Rs 2,672 crore bank fraud case, after his extradition from the UAE.
Analysts expect more downside in this sector, with Titan still the preferred bet.
Shares of jewellery makers on Monday fell sharply by up to 20 per cent following dip in global prices of gold.
The moves by the RBI, announced late on Wednesday, should increase supplies of gold and brighten the earnings outlook for jewellery makers after the government took tough measures to curb imports last year, analysts said.
The 80:20 rule mandates importers to channel at least 20% of the import quantity for jewellery exports.
Markets ended lower amid volatile trade with Sun Pharma leading the decline.
Markets extended losses to end 1.5% down on Tuesday, amid weak global cues, after investors turned cautious ahead of key economic data and booked profits in rate sensitive shares while the further fall in the rupee continued to weigh on investor sent.
Sensex ends lower; govt schemes in focus.
Investors booked profits at higher levels despite the growth oriented Budget.
Benchmark share indices ended lower for the third straight session as investors turned cautious amid tensions in Iraq even as consumer durables shares stole the limelight tracking rally in gold prices.
Lakshmanan contracted polio when he was only three months old. 'I didn't want to go for the swayamvar, but my uncle convinced me to attend.' He sat close to the door at the swayamvar. And then, Rohini walked in. Both her legs, too, were afflicted with polio.
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