New Delhi, March 24 -- Jewellery stock Motisons Jewellers jumped 3.21% to Rs.12.53 apiece in Tuesday's trading session after the company announced that its board will meet on Friday, March 27, to consider preference share redemption. The stock rise also coincided with a strong rally in the Indian stock market.

Motisons Jewellers share price opened at Rs.12.45 today, as compared to the previous close of Rs.12.14 on Monday.

The benchmark indices, Sensex and Nifty 50, also surged over 2% each after US President Donald Trump announced a temporary pause in military action against Iran, easing geopolitical tensions. The Sensex jumped 1,714 points to 74,410, while the Nifty 50 advanced around 540 points to 23,054.

In an exchange filing on Mar...