Mumbai, Feb. 3 -- Gokaldas Exports Garware Technical Fibres and Indo Count Industries hit their upper circuits of 20%. Welspun Living jumped 17.12%, Vardhman Textiles rose 12%, Arvind gained 10.93%, Trident advanced 10.58%, Raymond Lifestyle climbed 6.80%, and Bombay Dyeing and Manufacturing Company added 4.37%.

Under the agreement, Washington will cut reciprocal tariffs on Indian goods to 18% from 25%, U.S. The deal comes as a relief for textile exporters, many of whom derive 50% to 70% of their revenue from the US.

Indian textile exports will now face a lower tariff than competing garment hubs such as Vietnam and Bangladesh, which attract duties of about 20%, boosting India's relative competitiveness in the US market.

Sentiment in th...