Nifty crossed the 18,700-mark for the first time in 2023.
The venture aims to cater to discerning consumers seeking design-led, bespoke, and high-quality jewelry.
Indian markets are moving in tandem with global markets.
The rupee commenced trading at 82.56 to a dollar, compared to the previous day's close of 82.61
FIIs bought Rs.8,963.44 crore worth of Indian equities on June 6th
Nifty opened 56 points higher at 18,655.
Globally, US markets finished higher.
Nifty Auto index registered a gain of about 1%.
The business will be set up under a new venture ‘Novel Jewels Ltd.'
On the sectoral front, the Nifty IT index is trading 2.23% lower.