India, April 17 -- Investor sentiment worsened as worries about supply shortages grew, especially with Akshaya Tritiya a significant gold-buying festival happening on April 19, 2026 approaching quickly. The regulatory standstill has the industry preparing for a possible shortfall during one of its most important sales periods.

Key players faced a substantial sell-off as the market reacted to the import halt: Kalyan Jewellers: Shares dropped nearly 6%, trading at Rs. 416.20, down by Rs. 24.10. Titan Company (Tanishq): This industry leader also felt the impact, with shares falling nearly 3% to around Rs. 4,330.

MMTC (PSU) Rally: In contrast, MMTC (PSU) shares soared 16% to Rs. 71.64. This rise was boosted by market rumors that, while pri...