Jewellery stocks take a beating on Wednesday
Jewellery stocks on the Bombay Stock Exchange took a beating on Wednesday along with the larger market, with 2,111 stocks declining versus only 414 advances, on the back of the Satyam Computers' financial fraud came to light over the last few days.
Jewellery players are likely to see a slowdown in business this year due to cautious consumer spending amid a weak global economic situation.