Textile Stocks Up On US-Vietnam Trade Deal; US eases China Chip Curbs & More
- Share.Market
- 8 min read
- 03 Jul 2025
Highlights
Markets opened on a positive note, buoyed by upbeat global cues and optimism around the US-Vietnam trade agreement; however, selling pressure in the last hour dragged indices near the day’s lows.
Headline Indices
Sectors at a Glance
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What moved the market?
Top Gainers
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Broader Market Performance
INDIA VIX
What Made Headlines?
KPRMILLKPR Mill and other Indian textile stocks gain focus after Trump’s Vietnam trade deal imposes 20% tariffs on Vietnamese garment exports.
APLLTDAlembic Pharmaceuticals acquires US-based Utility Therapeutics for $12 million to market FDA-approved urinary tract infection treatments in America.
AIAENGAIA Engineering has announced that Brazil has reduced countervailing duty on Indian grinding media exports from 6.50% to 2.90% after a sunset review by the trade defense department.
BIOCONEuropean Commission approves Biocon Biologics’ two denosumab biosimilars for bone health, expanding treatment access for cancer patients and osteoporosis.
What’s Happening Beyond Markets?
- India’s economy is expected to grow 6.4-6.7% this year due to strong domestic spending, despite global trade uncertainties posing risks, according to the Confederation of Indian Industry.
- The US puts a 20% tariff from planned 46% on Vietnamese goods, warning India to be careful in its own trade talks with America, according to a Global Trade Research Initiative report.
- The Trump administration removes restrictions on US chip design software sales to China as trade relations improve between the countries.
- Crude oil futures fell below $67 per barrel as US crude inventories rose unexpectedly by 3.85 million barrels, signaling weak demand concerns, while oil prices jumped 3% on Wednesday after Iran halted cooperation with the UN nuclear watchdog.
Back to Basics
Terms that put you one step ahead – every day.
What Is Inventory Turnover Ratio?
Inventory Turnover Ratio indicates how often a company sells and replaces its inventory within a period, showing how efficiently stock moves from shelves to customers.
A higher ratio generally reflects faster sales or efficient stock handling, while an unusually high ratio could hint at frequent stockouts.
It’s useful to compare turnover ratios within similar industries, as product types influence the rate.
For example, groceries turn over faster than furniture.
A falling ratio over time may point to slower sales or challenges in inventory management.
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Corporate Actions
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Before You Go…
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We’ll be back tomorrow to cut through the noise, so you can focus on investing intelligently.
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