Textile and Shrimp Stocks Surge After Trump Hints at India Trade Deal

October 29, 2025 – Textiles and shrimp stocks surged sharply on October 29 after US President Donald Trump stated that he would “do a trade deal with India,” which bolstered the investor mood in export-driven sectors.

Why Indian Export Stocks Are Rising?

The rally flowed from the hope that the trade agreement would lower tariffs on Indian exports to the US, and eased worries that earlier had played a role in negatively impacting those sectors following the proposed increase in import duties. The renewed optimism caused some companies with high US market risk to rally strongly.

Top Movers: Shrimp Sector

• Apex Frozen Foods jumped over 2.78% to around ₹244 per share.
• Coastal Corporation rose more than 1.75% to around ₹41.95 per share.
• Avanti Feeds turned positive and later fell about 0.48% as of 2:40 PM.

The rebound reflected renewed expectations of stronger export demand if trade barriers are reduced.

Top Movers: Textile Sector

• Gokaldas Exports and gained about 0.18% Pearl Global Industries shares dipped 0.11%.
• Raymond Lifestyle advanced over 1.45%.
• KPR Mill pared early losses and traded nearly flat by mid-session and gained 0.44% as of 2:40 PM.

Textile shares rallied on hopes of better market access and improved pricing power in the US.

What Trump Said? 

Speaking at the APEC CEO Summit in South Korea, President Trump praised Prime Minister Narendra Modi and stated his intention to “do a trade deal with India.” His remarks immediately lifted sentiment in export-oriented counters, particularly in the shrimp and textile sectors, which are heavily reliant on US demand.

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