India-US Trade Deal, Feb. 9 -- Jewellery stocks including Titan, Kalyan Jewellers, Senco Gold, PC Jewellers rallied up to 12% on Monday, February 9, after India and the US released a joint statement outlining a framework for an Interim Trade Agreement (ITA), the first step towards a broader Bilateral Trade Agreement (BTA). The announcement brought much-needed tariff clarity for export-linked sectors, with the gems and jewellery space emerging as a key beneficiary.

The US remains one of the largest consumption markets for Indian jewellery exports, and market participants said the deal could directly support manufacturers, exporters and organised retailers with global exposure. Investor sentiment strengthened as the framework also signalle...