jewellery
Shares of Indian jewellery firms rose after jewellers call off a 19-day strike late on Saturday.
The strike was called off following government assurance that they will not be “harassed” by the excise department in collecting a new tax.
Jewellers went on strike from the start of March after the government announced an excise duty in the 2016-17 budget.
Titan Company gained 1.5 per cent, Tribhovandas Bhimji Zaveri rose 2.2 per cent, PC Jeweller surged 3.2 per cent and Gitanjali Gems climbed 4.5 per cent.
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Published on March 21, 2016
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