Titan Company shares surged to a record high on Wednesday. This jump followed a strong business update for the March quarter. The jewellery division saw significant growth, driven by Tanishq and Mia. Buyer growth improved, and higher average ticket sizes boosted revenue. The watches division also reported growth, particularly in analogue watches.
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Equity markets saw broad-based selling pressure after weak monsoon forecasts raised concerns over food inflation, though falling crude oil prices and easing bond yields helped