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Gokaldas, Vardhman, Siyaram rally up to 8%. What's driving textile stocks?

Textile shares outlook: Analysts expect the Indian textile sector to benefit if India manages to sign a favourable trade deal with the US.

Textile industry, Tiruppur
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According to ICICI Securities, Bangladesh is one of the key ready-made garment exporters to the US with 9 per cent market share while Vietnam holds 19 per cent market share.

Deepak Korgaonkar Mumbai

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Textile stocks price movement today

 
Shares of textile companies Vardhman Textiles, Gokaldas Exports, Siyaram Silk Mills, Alok Industries, Indo Count Industries, Sangam India and Nahar Spinning Mills have rallied between 5 per cent and 8 per cent on the BSE in Tuesday's intra-day trade amid heavy volumes.
 
At 09:14 AM; top 4 out of 5 stock winners from the BSE Smallcap index were from the textile sector, surging more than 6 per cent. In comparison, the BSE Sensex was trading flat at 83,449.  Track Stock Market LIVE Updates

What’s driving textile stocks today?

 
The US has imposed an