New Delhi, Oct. 23 -- Vardhman Textiles, Trident, Gokaldas Exports, Indo Count Industries, Pearl Global, Welspun Living, and KPR Mill were among the textile stocks that soared high right after the opening bell on the Indian stock market , with their share prices rising up to 17% in intraday trade on Thursday, as optimism grew that the trade deal between India and the US could be finalized soon.

The current import duty on Indian goods exported to the US stands at 50%, imposed in two tranches by Donald Trump, and could be slashed to 15%-16%, Mint earlier reported, quoting three people aware of the matter.

The long-stalled trade agreement between the nations appears to be marching towards a better deal, as India has reportedly agreed to lo...