3 months ago
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Gems and jewellery stocks were successful the limelight connected Tuesday (February 3, 2026) aft India and the U.S. agreed to a commercialized woody nether which Washington volition bring down the reciprocal tariff connected Indian goods to 18% from the existent 25%.
India-U.S. commercialized woody LIVE
Shares of Goldiam International skyrocketed 20%, Vaibhav Global zoomed 20%, Kalyan Jewellers India jumped 7.61 per cent, and Senco Gold edged higher by 7.41% connected the BSE.
The banal of Shringar House of Mangalsutra jumped 6.61%, P.N. Gadgil Jewellers precocious 6.25%, P.C. Jeweller surged 5%, and Titan climbed 4.6%.
In the equity market, the BSE benchmark traded 2,390.71 points oregon 2.94% higher astatine 84,065.17, and the NSE Nifty quoted 707 points oregon 2.8% up astatine 25,794.30.
"The statement reduces reciprocal U.S. tariffs connected Indian goods from 25% to 18%, removing a large overhang that had weighed connected export-oriented sectors, manufacturing, and wide marketplace sentiment successful caller months," R. Ponmudi, CEO of Enrich Money, an online trading and wealthiness tech firm, said.
India and the U.S. person agreed to a commercialized woody nether which Washington volition bring down the reciprocal tariff connected Indian goods to 18% from the existent 25%, U.S. President Donald Trump said connected Monday (February 2, 2026) aft a telephone speech with Prime Minister Narendra Modi.
The announcement assumes value arsenic respective labour-intensive sectors similar textiles, apparel, leather and marine were facing challenges to export goods to the U.S. owed to the 50% tariffs.
