Prime Minister Narendra Modi recently emphasized the need to reduce dependency on petrol and diesel, advocating for sustainable practices and increased adoption of work-from-home models. He also suggested that consumers reconsider discretionary purchases, including gold, in the near term.

Following the speech, the stock market reacted sharply. Shares of jewellery companies such as Titan Company, Kalyan Jewellers, and Senco Gold saw noticeable declines, reflecting concerns over reduced consumer demand.

On the other hand, companies in the electric vehicle (EV) and electronics sectors witnessed gains, as investors responded positively to the push for a greener economy. The broader market experienced volatility, with significant value erosion reported during the trading session.

While the long-term impact remains to be seen, the immediate reaction highlights how policy signals and leadership statements can influence investor sentiment across sectors.