Indian textile stocks jumped up to 6% after the India-UK Free Trade Agreement scrapped 10–12% tariffs on Indian exports to the UK, narrowing the gap with regional rivals. Trident rose 6%, while SP Apparels, Redtape, and TCNS Clothing gained around 2% each. Investors are betting on a potential doubling of exports to the UK over the next few years.

The recent India-UK Free Trade Agreement has revitalised textile stocks, with S.P. Apparels rising 20%. The deal, aimed at enhancing trade by £25.5 billion, positions India to benefit in the UK market against competitors enjoying duty-free access.