Shares of textile exporters dropped up to 5% on Monday after US President Donald Trump signed the sweeping Russia sanctions bill into law, spooking investors about fresh tariff tantrums which can impact Indian companies.
Gokaldas Exports shares plunged nearly 5% to trade below Rs 630 apiece on NSE, while those of Indo Count Industries and Vardhman Textiles fell more than 3% each. Arvind shares meanwhile dropped over 2%, despite the overall positive market sentiment on Monday.
