Mumbai/IBNS, May 13 -- The Indian stock market advanced on Wednesday in a volatile trading session amid geopolitical tensions linked to the ongoing West Asia conflict, media reports said.

Shares of gold-focused lenders such as Manappuram Finance, Muthoot Finance and IIFL Finance surged by as much as 11 percent, tracking the rise in gold prices after the Centre increased customs duty on gold imports.

Meanwhile, shares of jewellery manufacturers including Titan Company, Kalyan Jewellers and Senco Gold fell by up to 5 percent after the government raised import duty on gold.

The government has also raised the cess on imports from 1 percent to 5 percent with a similar objective.

Addressing a rally in Hyderabad last Sunday, Modi urged citiz...