Indian textile, seafood stocks rise on optimism about trade deals with US, EU

Shares of Indian textile firms and seafood exporters jump on optimism on India–U.S. trade talks, and a likely India–EU trade deal

Among textile firms, Trident TRIE.NS rises 3%, Vardhman Textiles VART.NS up 3.1%, Gokaldas Exports GOKL.NS climbs 5.3% and Welspun Living WLSP.NS jumps 6%

Seafood exporters Apex Frozen Foods APEX.NS, Coastal Corporation COAS.MS and Avanti Feeds AVNT.NS trading higher by 3.4%, 2.4% and 6.4% respectively

U.S. president Donald Trump signalled optimism on a bilateral trade deal with India, while speaking to Moneycontrol

A India-EU trade deal is also on the cards, with a deal likely to be concluded in the next few days, Spain's Foreign Minister José Manuel Albares said on a visit to New Delhi on Wednesday

United States is the biggest market for India's shrimp farmers and exporters; India also holds a 5%-6% share of EU's $125 billion worth of textiles and apparel imports