Jewellery stocks trade mixed on Dhanteras; Tribhovandas slips 4%

Jewellery stocks including Tribhovandas, Thangamayil Jewellery, and PC Jeweller are trading lower by 4% in Friday’s trading session.

Oct 25, 2019 07:10 IST India Infoline News Service

Shares of jewellery companies were trading on the mixed note in today’s trade on the BSE in the afternoon session on Dhanteras day. Hindus believe that buying gold or jewellery on the day of Dhanteras is auspicious and will bring prosperity. 

Jewellery stocks including Tribhovandas, Thangamayil Jewellery and PC Jeweller were trading lower by 4%. On the other hand, Titan and Rajesh Exports stocks were fluctuating between gains and losses.

Elsewhere, gold rose to a two-week high as weak US economic data spurred expectations for another interest rate cut by the Federal Reserve later this month.

Meanwhile, the Sensex is trading 81 points lower at 38,938 levels and the Nifty slipped below its key level 11,600-mark, down with 26 points.

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