🧵 Textile Stocks Soar on Hopes of India–US Trade Breakthrough After Modi–Trump Call

Shares of textile companies surged on October 10 after Prime Minister Narendra Modi revealed that he had a phone conversation with US President Donald Trump, during which both leaders “reviewed good progress in trade negotiations.” The development revived optimism about a potential India–US trade deal, lifting sentiment for export-oriented textile firms that were previously hit by high US import tariffs. 📈 Top Gainers in the Textile Space Kitex Garments 🔺11% → ₹199.15 Gokaldas Exports 🔺9% → ₹800.00 Indo Count Industries 🔺9% Pearl Global Industries 🔺3% → ₹1,305.90 Raymond Lifestyle 🔺1% 🌍 Background Earlier, President Trump imposed a 50% tariff on Indian imports, hurting domestic textile exporters who depend heavily on the US market. The move gave Bangladesh and Vietnam a competitive edge, as they continued to enjoy lower duty rates. Now, with signs of renewed trade dialogue, investors are betting on a possible rollback or easing of tariffs, which could significantly improve export margins for Indian textile companies. PM Modi’s post on X (formerly Twitter) read: “Spoke to my friend, President Trump and congratulated him on the success of the historic Gaza peace plan. Also reviewed the good progress achieved in trade negotiations. Agreed to stay in close touch over the coming weeks.” The statement was enough to spark a rally across the textile sector, reflecting strong investor optimism for improved trade relations and sectoral revival. #TextileStocks #IndiaUSTradeDeal #PMModi #DonaldTrump #KitexGarments #GokaldasExports #IndoCount #PearlGlobal #RaymondLifestyle #StockMarketIndia #TradeNegotiations #Exports #ValueBuying