Indian textile stocks defy market slump amid US tariff hike
Indian textile stocks surged up to 15.10 per cent, defying the broader market downturn, as investors reacted positively to the US imposing the lowest reciprocal tariff (27 per cent) on Indian textiles among major Asian exporters. With high US exposure, Indian firms are expected to gain a competitive edge, reinforcing optimism in the sector’s near-term outlook.
Indian textile stocks surged up to 15.10 per cent, defying the broader market downturn, as investors reacted positively to the US imposing the lowest reciprocal tariff (27 per cent) on Indian textiles among major Asian exporters.
With high US exposure, Indian firms are expected to gain a competitive edge, reinforcing optimism in the sector’s near-term outlook.
