Expectations that China’s power crisis could prove to be a “structural growth driver”, and not just a one-off event, have been driving chemical stocks higher.
Exectations that china's power crisis may prove to be a "structural growth driver" , and not just a one-off event, have been taking chemical stocks higher
Stock Market Highlights: Indian equity benchmarks Sensex and Nifty50 ended a choppy session lower on Friday tracking weakness across global markets. Both indices extended losses to the fourth day in a row amid losses in IT and select financial shares, though gains in metal and pharma counters limited the downside. Broader markets fared better than the headline indices.
BQ Edge: Why White Oak's Manoj Garg Sees A Decade-Long Growth Spurt For Specialty Chemical Makers
Differentiated offerings add to the advantage. Also, having proven its worth in the pharmaceutical industry as the 'Generic capital of the world', Indian chemical manufacturers are well poised to emerge as a credible alternative, and, in some cases, primary suppliers to global firms.