Jewellery stocks rise as gold price eases; PC Jeweller up 9%, Senco Gold climbs 5%

The precious metal of 24 karat had closed at ₹90,823 per 10 grams on Monday.

Senco Gold climbed 5% to ₹303.1, while Motisons Jewellers gained 4.4% to ₹17.68 per share.

The firm's retail segment, which contributed 81.5% of its total revenue, reported 50% YoY growth in the fourth quarter. "This performance underscores strong consumer demand and operational excellence across our store network," the company said.

Benchmark indices were also trading in the green. SENSEX jumped 449 points to 73,589, while NIFTY50 ascended 0.87% to 22,354.

In the NIFTY50 pack, Shriram Finance, Titan, Eicher Motors, Grasim, State Bank of India, Infosys, and Jio Financial Services were the top gainers.

Power Grid, Hindalco, Trent, HDFC Bank, Hero MotoCorp, Nestle India, and SBI Life were the laggards.

In Asian markets, Hong Kong's Hang Seng, Tokyo's Nikkei 225 index, and South Korea's Kospi leaped after falling sharply on Monday.

According to the exchange data, foreign institutional investors (FIIs) on Monday sold equities worth ₹9,040.01 crore, while domestic institutional investors or DIIs purchased shares worth ₹12,122.45 crore.