BUZZ-Indian textile, seafood stocks rise on optimism about trade deals with US, EU
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Shares of Indian textile and seafood companies surged due to positive sentiment surrounding trade negotiations with the U.S. and a potential trade agreement with the EU. Notable gains included Trident (3%), Vardhman Textiles (3.1%), Gokaldas Exports (5.3%), and Welspun Living (6%). Seafood exporters like Apex Frozen Foods (3.4%), Coastal Corporation (2.4%), and Avanti Feeds (6.4%) also saw increases. U.S. President Trump expressed optimism about a bilateral trade deal, while Spain's Foreign Minister indicated a possible India-EU deal soon, crucial for India's shrimp and textile exports.
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