New Delhi, Sept. 10 -- Textile stocks in India rallied up to 9% on Wednesday, driven by optimism over a potential trade deal between India and the United States.

Among textile stocks, Gokaldas Exports share price jumped as much as 9.68%, Welspun Living shares rallied 8.88%, Vardhman Textiles stock price surged 7.9%, Pearl Global Industries shares gained 6.2%, while KPR Mill shares rose 3.29%.

The rally came after US President Donald Trump said the two countries are "continuing negotiations to address the trade barriers."

"I am pleased to announce that India, and the United States of America, are continuing negotiations to address the Trade Barriers between our two Nations. I look forward to speaking with my very good friend, Prime Mini...