The stock market today saw a sharp turnaround in textile counters.
Names like Kitex Garments, Trident, and Welspun Living suddenly turned active. Volumes spiked. Prices followed.
The trigger? A major development from the United States.
Let’s break down what really happened — and why Trident to Welspun share price movement became the talking point of the day.
Market Performance: Textile Stocks Lead the Charge
Textile stocks were clearly in focus on February 23.
Here’s how key counters performed:
- Kitex Garments share price jumped 10.4%
- Trident share price climbed 7.5%
- Welspun Living share price gained 4.2%
In a market searching for direction, these stocks stood out.
The rally was sharp. It was quick. And it was sentiment-driven.
When we track sectoral momentum in the stock market today, such synchronized moves usually point to one clear cause. And this time, the cause came from overseas.
Main News: US Supreme Court Scraps Trump Tariffs
The spark came after the US Supreme Court declared the Trump-era tariffs illegal.
This decision instantly changed the narrative for exporters.
For textile exporters like Kitex Garments, Trident, and Welspun Living, tariff structures in the US directly impact margins, orders, and pricing competitiveness.
The market reacted in real time.
But the story didn’t end there.
Shortly after the ruling, former US President Donald Trump announced a new 15% global tariff applicable to all countries.
So while one tariff was scrapped, another proposal emerged.
That twist kept traders alert.
Earlier Tariff Structure: Why It Mattered?
Before this new development, different countries faced different tariff levels.
- India – Around 18%
- Bangladesh – Around 19%
- Vietnam – Around 20%
This structure gave Indian exporters a slight pricing edge in some segments.
Buyers in the US naturally compare costs. Even a 1–2% difference matters in bulk textile contracts.
That advantage played a role in export competitiveness for companies like:
- Kitex Garments
- Trident
- Welspun Living
Now, with a proposed uniform 15% global tariff for 150 days, the advantage becomes neutral. Everyone operates under the same rate.
For the textile sector, clarity matters more than speculation. And the market welcomed the removal of earlier higher duties.
Why Kitex Garments Share Price Led the Rally?
Among the textile pack, Kitex Garments share price showed the strongest reaction — rising 10.4%.
When a stock reacts this sharply:
- It indicates heavy trading interest
- It reflects fast-moving institutional and retail participation
- It signals sectoral re-rating sentiment
Kitex has significant exposure to exports. Any tariff-related clarity immediately impacts business visibility.
That explains why it became the headline mover in the stock market today.
Trident and Welspun Living: Steady but Strong Gains
The rally was not limited to one name.
- Trident share price rose 7.5%
- Welspun Living share price moved up 4.2%
These companies are major textile exporters with strong US linkages.
Margin pressure from earlier tariff burdens had been a concern across the sector. The removal of previously imposed duties helped lift that pressure.
Even though the new 15% tariff announcement creates a level playing field, the immediate relief from earlier higher slabs was taken positively by the market.
That’s why we saw synchronized movement from Kitex Garments to Trident to Welspun share price.
Impact Beyond Textiles
The ripple effect wasn’t limited to textiles.
Small- and mid-cap engineering exporters also gained attention. These companies had seen export order books shrink sharply earlier.
Any easing of trade restrictions revives sentiment across export-heavy sectors.
In the stock market today, when policy risk reduces, capital rotates quickly into affected segments. That is exactly what played out.
How the Stock Market Today Reacted?
The broader tone in the stock market today showed one thing clearly — global developments still drive domestic stock action.
When the US changes tariff policy:
- Export-linked sectors react first
- High beta mid-cap stocks move faster
- Trade-driven companies see immediate re-pricing
Textile exporters were among the first to respond.
Volumes increased. Price action strengthened. Traders shifted focus to the textile theme within hours.
Company Snapshot: Textile Export Exposure
Here’s a quick look at why these companies reacted sharply:
Kitex Garments
- Strong export orientation
- Significant US-facing operations
- Direct impact from tariff adjustments
Trident
- Large textile and home textile player
- Exposure to global markets including the US
- Sensitive to changes in duty structure
Welspun Living
- Major global textile exporter
- Strong presence in international markets
- Tariff movements directly influence pricing power
When global policy affects margins, these names naturally respond.
That’s why Kitex Garments, Trident to Welspun share price became the center of discussion in the stock market today.
Sentiment Shift: What Changed Overnight?
Markets hate uncertainty.
The earlier tariff structure created uneven duty levels. Now, the removal of those Trump-era tariffs has altered the framework.
Even though a new 15% global tariff has been proposed:
- It is uniform
- It applies equally
- It resets competitive positioning
For traders, clarity brings opportunity. And that is what drove the textile rally.
Summary: What This Means for the Stock Market Today?
Let’s quickly recap the key developments:
- US Supreme Court scrapped Trump-era tariffs
- Proposal of new 15% global tariff for 150 days
- Textile stocks reacted sharply
- Kitex Garments share price up 10.4%
- Trident share price up 7.5%
- Welspun Living share price up 4.2%
- Export-oriented sectors saw renewed traction
The stock market today clearly showed how global policy shifts can trigger sector-wide rallies within minutes.
From Kitex Garments to Trident to Welspun share price, the textile space moved in sync.
For now, sentiment has turned constructive in textile counters after weeks of pressure.
As always in markets, policy headlines can rewrite short-term momentum. February 23 was one such reminder.
And for those tracking the stock market today, textile stocks have firmly returned to the watchlist.
Source: Livemint
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