Chemicals Stocks Rally: The Indian stock market may be trading with a decline in the session of Thursday, January 9, 2025. But the stocks of the Chemicals Sector are rising strongly in today's session. There is a possibility that anti-dupping duty may be imposed on Specialty Chemicals. Also, there is a huge jump in global refrigerant merchandise gas prices, due to which the stocks of chemical companies like SRF to Navin Fluorine are trading with a jump of up to 14 percent. This gas is used by ventilation and air conditioning companies. 

Strong rise in the shares of SRF and Navin Fluorine 

BSE Sensex is trading with a decline of more than 500 points and Nifty with a decline of more than 150 points. The market mood has been sour for the past several sessions. Despite this, in today's session, SRF's stock is trading at Rs 2645 with a jump of 12.52 percent. Navin Fluorine's stock is also rising strongly and the company's stock is trading at Rs 3858 with a jump of 10.56 percent. 

Alkyl Amines and Balaji Amines gained speed

Among other chemical sector stocks, Alkyl Amines stock is trading at Rs 1929 with a jump of 11 percent, Balaji Amines stock is trading at Rs 1926 with a jump of 10.63 percent. Aarti Industries stock is trading at Rs 411 with a jump of 3.28 percent, FOSECO India is trading at Rs 4217 with a gain of 5.95 percent, Fine Organic Industries is trading at Rs 4585 with a jump of 2.38 percent. Apart from this, stocks of BASF India and Clean Science and Technology are also witnessing a strong rally. 

Chemicals stocks shine on recovery in China's economy 

Brokerage house JF Financial has said in its report that strong recovery is expected in the sales of chemicals companies in the third quarter of the financial year 2024-25, which will increase the revenue of these companies. There is also a possibility of recovery in China's economy, which can benefit Indian chemicals companies.