India, Oct. 10 -- The stocks of textiles surged on October 10 after Prime Minister Narendra Modi revealed that he had spoken with US President Donald Trump, during which the two leaders discussed the "good progress" made in trade negotiations.

Investor sentiment for export-focused textile stocks was boosted by the potential for further trade talks between India and the US, which could lead to a trade deal between the two nations.

PM Narendra Modi on X wrote, "Spoke to my friend, President Trump, and congratulated him on the success of the historic Gaza peace plan. Also reviewed the good progress achieved in trade negotiations. Agreed to stay in close touch over the coming weeks."

The recent development follows the imposition of 50 perc...