BLUESTONE

** Indian gems and jewellery stocks fall 5.5%-11% after PM Narendra Modi urges people to avoid buying gold to save foreign exchange

** PM's comments come after Donald Trump rejected Iran's response to peace proposal on Sunday, pushing oil prices higher

** Kalyan Jewellers KALN.NS drops ~10% to 382.10 rupees; Titan TITN.NS falls as much as 7.95% to 4,150.10 rupees; Senco Gold SENC.NS sheds ~11% to 325.05 rupees

** Bluestone BLUT.NS, PC Jeweller PCJE.NS fall more than 5% each

** Gold XAU=, traditional safe-haven asset, falls as oil rallied on stalled U.S.–Iran talks

** Broader stock market under pressure; benchmark Nifty .NSEI down ~1.2%

(Reporting by Bipasha Dey in Bengaluru)

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** Shares of India's Bluestone Jewellery and Lifestyle BLUT.NS rise as much as 6.66%

** Stock last up 1% at 552.55 rupees

** BLUT posted a Q4 profit of 320.3 million rupees ($3.40 million) vs loss of 511.1 million rupees a year earlier

** Trading vols at 4.7 million shares, about 10x the 30 day avg of 474,023 shares

** YTD stock up 16.20%

($1 = 94.2600 Indian rupees)

(Reporting by Devika Nair in Bengaluru)

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April 23 (Reuters) - Bluestone Jewellery and Lifestyle Ltd BLUT.NS:

• BLUESTONE JEWELLERY AND LIFESTYLE MARCH-QUARTER CONSOL NET PROFIT 320.3 MILLION RUPEES

• BLUESTONE JEWELLERY AND LIFESTYLE MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 6.81 BILLION RUPEES

Further company coverage: BLUT.NS

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** Indian gems and jewellery stocks fall between 1.45% and 4.75%

** Donald Trump launches unfair trade practice probes into 16 key trading partners, including India, to restore tariffs recently struck down by Supreme Court as illegal

** Indian gems and jewellery companies have higher exposure to U.S. markets

** Kalyan Jewellers KALN.NS, PC Jeweller PCJE.NS and Tribhovandas Bhimji Zaveri TBZL.NS fall 1.5% to 2.11%

** Thangamayil Jewellery THNG.NS and Rajesh Exports REXP.NS lose the most - down 4.75% and 4.6%, respectively

** Bluestone BLUT.NS and Titan TITN.NS shed 2.7 and 2.5%, respectively

** BLUT and THNG only stocks among pack to post YTD gains

(Reporting by Urvi Dugar in Bengaluru)

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Jan 22 (Reuters) - Bluestone Jewellery and Lifestyle Ltd BLUT.NS:

• DEC-QUARTER CONSOL NET PROFIT 690.8 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 7.49 BILLION RUPEES

Source text: [ID:]

Further company coverage: BLUT.NS

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** India's Bluestone Jewellery and Lifestyle BLUT.NS climbs 2.8% in trading debut, valuing the company at 80.32 billion rupees ($920.4 million)

** Stock opened at 510 rupees on National Stock Exchange of India in pre-open trade, down 1.4% from its issue price of 517 rupees

** Benchmark Nifty 50 .NSEI trading flat on the day

** Jeweller's 15.41 billion rupees IPO was fully subscribed on final day of bids, with demand led by qualified institutional buyers

** IPO comprised fresh issue worth 8.2 billion rupees, while existing shareholders sold shares worth 7.21 billion rupees - prospectus

($1 = 87.2630 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru)

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