Export-oriented stocks, including Kitex Garments and Avanti Feeds, declined for a second day as US political signals raised fears of higher trade barriers. A bipartisan Russia sanctions bill, potentially impacting India’s trade with Russia, intensified selling pressure. Seafood and textile exporters faced significant drops amid concerns of disrupted shipments and weaker US demand.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets