Indian textile stocks drop as Trump's tariff threats linger

About this update from Vardhman Textiles Limited

** Shares of Indian textile firms fall between 2% and 5%** Gokaldas Exports NSE:GOKEX loses the most among the pack, down 5.25%** Welspun Living NSE:WELSPUNLIV down 3.27%, Arvind NSE:ARVIND falls 2.28%, KPR Mill NSE:KPRMILL loses 1.83%** Indo Count NSE:ICIL and Trident NSE:TRIDENT retreat 2.87% and 3.32% respectively ** Drop amid a weaker broader market, with benchmark Nifty 50 index NSE:NIFTY down 0.3% on the day ** Markets unsettled over absence of a long-awaited India-US trade deal, concerns that US President Donald Trump may hike tariffs on Indian goods, analysts say ** Indian goods face up to 50% US tariffs since last year; textiles are among the key export sectors ** In 2025, GOKL shed the most among the pack, down ~35%

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