Jewellery stocks in the Indian market continued to decline for the second consecutive day, reflecting sustained selling pressure. Notably, Kalyan Jewellers experienced a significant drop of over 9%, contributing to the sector's overall downturn. This trend indicates cautious investor sentiment towards jewellery stocks amid current market dynamics. The decline affected several key players in the jewellery sector, highlighting the challenges faced by the industry in the present market environment. Jewellery stocks had faced massive selling pressure on Monday also, with Kalyan Jewellers tumbling over 9%. The update was published on 12 May 2026, 9:11 pm. Kalyan Jewellers remain central to this update.