Shares of jewellery retailers climbed on GST boost.
Shares of PC Jeweller Ltd, Gitanjali Gems Ltd and Titan Company Ltd rose between 8.5-15 per cent.
India will tax gold and gold jewellery, silver and processed diamonds at 3 per cent under Goods and Services Tax, the government had said on Saturday.
The tax rate is only slightly higher than the current 2-2.5 pct, according to the gems and jewellery industry in the world's second-biggest gold consumer.
Shares of Gitanjali Gems rise to highest in nearly six weeks.
Titan shares hit a record high; about 9.1 million shares changed hands, 6.7 times the 30-day average of 1.4 million.
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