Shares of textile and shrimp companies surged sharply on October 29, after US President Donald Trump hinted at the possibility of a trade deal with India soon, improving investor sentiment in export-oriented sectors.<\/p>\n
At the APEC CEO Summit in South Korea, Trump said he holds great respect for Prime Minister Narendra Modi and added that he plans to \u201cdo a trade deal with India.\u201d<\/p>\n
The remarks lifted market confidence, as investors expect potential tariff reductions on Indian exports to the US \u2014 a move that could significantly benefit India\u2019s textile and shrimp industries.<\/p>\n
\n\u201cI hold great respect for Prime Minister Narendra Modi,\u201d Trump said during his address, adding that he is going to \u201cdo a trade deal with India.\u201d<\/p>\n<\/blockquote>\n
He also mentioned earlier discussions with PM Modi about India\u2019s conflict with Pakistan, calling Modi the \u201cnicest looking guy\u201d and \u201clike a father.\u201d<\/p>\n
Shrimp Stocks in Focus<\/h2>\n
Export-oriented shrimp firms saw notable gains:<\/p>\n
\n
- \n
Apex Frozen Foods surged over 4% to around \u20b9248 per share.<\/p>\n<\/li>\n
- \n
Coastal Corporation rose more than 2%.<\/p>\n<\/li>\n
- \n
Avanti Feeds recovered from earlier losses, turning positive after dropping 2% earlier in the day.<\/p>\n<\/li>\n<\/ul>\n
These companies derive a significant portion of their revenue from US exports, making them sensitive to trade policy changes.<\/p>\n
Textile Stocks Also Surge<\/h2>\n
Textile exporters gained on hopes of improved trade terms:<\/p>\n
\n
- \n
Gokaldas Exports and Pearl Global Industries jumped around 4% each.<\/p>\n<\/li>\n
- \n
Raymond Lifestyle advanced over 2%.<\/p>\n<\/li>\n
- \n
KPR Mill also recovered earlier losses, trading nearly flat after the announcement.<\/p>\n<\/li>\n<\/ul>\n
Why the Rally Matters?<\/h2>\n
These sectors had earlier faced sharp declines when the Trump administration hiked tariffs on Indian imports to 50%, citing India\u2019s continued purchase of Russian oil.
Now, with renewed optimism over a potential trade agreement, market participants expect relief for exporters dependent on the US market.<\/p>\nConclusion<\/h3>\n
Trump\u2019s comments have sparked a strong rebound in India\u2019s export-focused textile and seafood stocks, as hopes rise for a reduction in US import tariffs through a possible India-US trade deal.<\/p>\n
Click here to explore:<\/strong><\/em>
\nFII DII Data<\/a>
\nIPO<\/a>
\nBSE Sensex<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Shares of textile and shrimp companies surged sharply on October 29, after US President Donald Trump hinted at the possibility of a trade deal with India soon, improving investor sentiment in export-oriented sectors. Market Rally on Trade Deal Hopes At the APEC CEO Summit in South Korea, Trump said he holds great respect for Prime […]<\/p>\n","protected":false},"author":10,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[615],"tags":[],"ppma_author":[1386],"class_list":{"0":"post-16300","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stock-market-news"}," _eael_post_view_count":0,"authors":[{"term_id":1386,"user_id":10,"is_guest":0,"slug":"ruchikadave","display_name":"Ruchika Dave","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/07\/Ruchika-Dave.jpg","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/07\/Ruchika-Dave.jpg"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/16300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=16300"}],"version-history":[{"count":3,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/16300\/revisions"}],"predecessor-version":[{"id":22314,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/16300\/revisions\/22314"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/15870"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=16300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=16300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=16300"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=16300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}