Textile Sector

The Indian stock market extended its gains on July 2, 2026, with the Nifty closing at 24,175.70 and the Sensex rising 579 points. A strong rebound in IT stocks, lower Brent crude prices, easing US-Iran tensions, a stronger rupee, and lower India VIX boosted investor confidence, while Realty, Auto, Chemicals, Cement, and Consumer Durables also ended in positive territory.

Indian benchmark indices ended slightly higher on June 25, 2026, supported by easing Brent crude prices, a stronger rupee, and positive RBI commentary. Auto stocks led gains with strong rallies in Mahindra & Mahindra and Maruti Suzuki, while metal, oil & gas, and IT stocks remained under pressure. Lower market volatility and improving global sentiment helped sustain investor confidence.

Textile and apparel export stocks rallied strongly after India and the UK confirmed the implementation of their free trade agreement, boosting sentiment across Welspun Living, Indo Count Industries, KPR Mill, and other exporters.

Trent shares traded higher as investors rushed to secure eligibility for the company's first-ever 1:2 bonus issue. With June 4 set as the record date, today is the final day to buy shares under the T+1 settlement cycle.

On Thursday, the corporate board approved the demerger of the real estate business into a wholly-owned subsidiary Raymond Realty Limited.

The Board has approved the extension of CK Venkataraman's tenure as the Managing Director of the company, from October 2024 to December 2025.

The board will consider various modes of raising funds.

It offers products to various segments of the market that include premium ethnic fashion, ethnic fashion for middle income and value-fashion.

Over 74 lakh shares were trading on the NSE today.

Page Industries’ stock nosedived to hit a new 52-week low of Rs 34,952.65 per piece.