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.
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.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances