Textile stocks jump on India-US trade deal optimism
Textile shares surged after signs of progress in India-US trade talks. Welspun jumped 9%, Gokaldas 7%, Trident 5%, and Alok Industries 5%. Trump said he was eager to speak with PM Modi, who confirmed negotiations were advancing. Tariffs had pressured exports, but July data showed resilience with 5.4% growth. Minister Giriraj Singh urged diversification into 40 global markets.