** Kalyan Jewellers Sell-Off** Kalyan Jewellers witnessed a severe downturn on Wednesday, with shares crashing over **12%**. This marks the stock's steepest single-day decline in **3 years** and extends a losing streak that has now persisted for **9 consecutive sessions**. Investor sentiment has been rattled by speculation regarding a mutual fund potentially reducing its exposure to the company. Compounding the negative outlook is a reported increase in promoter share pledging, which has raised concerns about leverage and liquidity. The sharp downward momentum was further accelerated by margin calls, forcing liquidations and deepening the day's losses.