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As on : 10-Sep-2025
Hot Pursuit
10-Sep-2025     10:25

Seafood exporters rally as Trump-Modi trade talks resume

Avanti Feeds jumped 11.81%, Apex Frozen Foods rallied 16.85%, and Coastal Corporation advanced 3.88% as investors cheered the renewed talks. The gains came after Trump said Washington and New Delhi would resume discussions aimed at addressing tariff barriers.

The shares of these export-oriented firms had earlier taken a heavy beating after the US raised tariffs on Indian imports to as high as 50%, citing New Delhi's continued purchases of Russian oil. Trump's latest remarks, however, lifted sentiment on hopes that the two countries may finally conclude a long-awaited tariff deal.

Prime Minister Modi echoed Trump's optimism, saying the negotiations could unlock 'the limitless potential' of the India-US partnership and secure a 'brighter, more prosperous future' for both nations.

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