Textile stocks surge up to 11% after Trump-Modi review 'good progress' in trade negotiations
Textile stocks surge up to 11% after Trump-Modi review 'good progress' in trade negotiations
1) Textile stocks: The possibility of further trade talks between India and US, which may result in a trade deal between the two countries, boosted investor sentiment for the export-oriented textile stocks
2)The shares of textile companies jumped on October 10 after Prime Minister Narendra Modi said that he has spoken to US President Donald Trump over a phone call and the two leaders have "reviewed good progress achieved in trade negotiations".
3) PM Modi said:
Taking to X, PM Narendra Modi wrote, "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."
4) Stock on radar -