US Envoy Boosts Export Stocks as Trade Talks Reignite
Overview
Indian export stocks, including shrimp and textile firms like Avanti Feeds and Gokaldas Exports, surged to day's highs on January 12. This rally follows optimistic comments from US Ambassador Sergio Gor regarding ongoing India-US trade deal negotiations, easing investor concerns after recent tariff threats.
Stocks Mentioned
Export Stocks Rally on Envoy's Trade Deal Optimism
Export-oriented stocks rebounded sharply on January 12, hitting their day's highs after US Ambassador to India Sergio Gor signaled positive momentum in the crucial India-US trade deal talks. The market's relief comes after a turbulent previous week marked by President Donald Trump's tariff threats.
Envoy's Optimism
Ambassador Gor, newly assuming charge in New Delhi, stated that both nations are actively engaging, with the next call on the trade agreement scheduled for the following day. He conveyed President Trump's best wishes to Prime Minister Narendra Modi, characterizing their relationship as genuine and highlighting the ability of "real friends" to resolve differences. Gor framed the trade negotiations as part of a robust and resilient bilateral partnership.
Market Reaction
The positive sentiment immediately benefited several export-focused companies. Avanti Feeds saw its shares climb over 2 percent from the day's low to trade at ₹802.5. Apex Frozen Foods jumped approximately 7 percent to ₹268.95, and Costal Corp gained around 2 percent. Gokaldas Exports also experienced a significant surge, rising 7 percent intraday to ₹648.5. For Gokaldas Exports, over 60 percent of its revenue stems from the US market, making it particularly sensitive to bilateral trade dynamics. KPR Mill shares added about 7 percent to their day's high, with Pearl Global rising 3 percent. This recovery partially offsets sharp declines seen in 2025 amidst previous trade policy uncertainties.
