Indian textile stocks rise after interim framework for US-India trade deal

Indo Count Industries

09/02/2026 04:53

** Shares of Indian textile stocks rise between 0.5% to 3.6%

** Alok Industries ALOK.NS up 0.5%, Trident TRIE.NS gains 2.02%, Gokaldas Exports GOKL.NS climbs 3.6% and Arvind Ltd ARVN.NS rises 3.5%

** The U.S. and India agreed on an interim trade framework that lowers tariffs on key Indian exports, including textiles and apparel, to 18%

** The U.S. is India's largest textile export market, with shipments worth about $10.5 billion, largely driven by apparel -- India govt statement

** YTD, ALOK down 0.2%, TRIE up 3.6%, GOKL gained 5.3% and ARVN up 16.1%

(Reporting by Surbhi Misra in Bengaluru)

((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))