Indian textile stocks fall on risk of new US tariffs

Alok Industries

12/03/2026 05:33

**Indian textile stocks fall as much as 2.3% on Thursday

**Decline comes after U.S. President Donald Trump's administration launches new trade investigation into excess industrial capacity in 16 major trading partners, including India

**The "Section 301" unfair trade practices investigation could lead to new tariffs imposed against the countries

 **Indian textile exporters have significant exposure to the U.S., making them vulnerable to trade restrictions

**Welspun Living leads losses with 2.3% drop, trailed by a 2% decline each in Alok Industries ALOK.NS and Arvind ARVN.NS

** Indo Count ICNT.NS and Gokaldas Exports GOKL.NS down about 1% each; benchmark Nifty 50 .NSEI falls 0.53%

**YTD, WLSP down 11.3%, ALOK down 18.9%, ICNT down 14.2%, ARVN up 3.5% and GOKL down 18.8%

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))