Indian textile stocks advanced on Monday, with share prices rising sharply as global trade developments triggered renewed investor optimism in export-oriented counters. The movement followed a pivotal ruling by the US Supreme Court that struck down broad reciprocal tariffs previously imposed on imports, prompting a recalibration of duties on textile products, according to financial news reports.
Benchmark exporters saw noticeable gains in early trading. Shares of Trident Ltd. climbed as much as 7.6%, while Welspun Living Ltd. increased by around 4.2%. Alok Industries Ltd. and Arvind Ltd. also registered gains of approximately 4.1% and 3.5% respectively.
The surge in prices came after former US President Donald Trump announced a new global tariff of 15% on imports from all countries, replacing the broader reciprocal tariff regime that had previously applied. The earlier arrangement, under which India faced tariffs reduced to 18% from punitive levels of up to 25%, was reset by the latest policy shift.
Analysts from brokerage firms suggested that the lower tariff rate could improve pricing competitiveness for Indian exports in the US market, particularly for sectors such as textiles. This change may also lend support to ongoing trade discussions between India and the United States and help deepen India’s integration into global supply chains.
Despite the positive initial reaction, some market strategists cautioned that the rally could be short-lived, with sustained gains dependent on greater clarity over trade policy and longer-term tariff frameworks. The relief rally largely reflects immediate market sentiment following the court’s decision and the recalibration of tariff rates.
