India-US Trade Deal Hopes Soar: Export Stocks Jump After US Envoy's Comments

• Export-oriented companies' shares, including Avanti Feeds, recovered losses and jumped up to 8% after US Ambassador Sergio Gor's positive comments on the India-US trade deal.
• The market boost follows a sharp decline last week due to US President Donald Trump's threat of 500% tariffs on countries trading with Russia, including India.
• US Ambassador Sergio Gor stated that India and the US are actively engaged, with the next trade deal call scheduled for tomorrow, and expressed hope for Trump's visit to India within 1-2 years.
• Gor emphasized the genuine relationship between Trump and Prime Minister Narendra Modi, highlighting that 'real friends can disagree, but resolve the difference' regarding trade negotiations.
• Textile and shrimp stocks like Avanti Feeds, Apex Frozen Foods, Costal Corp, Gokaldas Exports, KPR Mill, and Pearl Global saw significant intraday gains.

Why It Matters: Positive remarks from US Ambassador Sergio Gor reignited hopes for an India-US trade deal, boosting export stocks.