Management commentary and growth guidance would be the key driver for the sector. Momentum is likely to continue in metals with a surge in copper prices to 6 months high fuelled by China's reopening and weakening dollar,” said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services

Nearly all major S&P sectoral indexes were trading in the green, with Amazon.com Inc and Tesla Inc up 4.0% and 3.8% respectively, and among top boosts to the benchmark S&P 500 index.Gains in both the stocks pushed up the consumer discretionary sector nearly 2%. Only healthcare stocks were an outlier, down marginally

Global bourses reversed their recent gains as Fed officials stated that policymakers would raise the rate beyond 5% and hold on for a while. Sentiments in the domestic market were further dampened by the muted start to the IT earnings season, along with their cautious commentary on the demand environment

After opening with an upside gap of 91 points, the market shifted into further upside with range bound movement in the early- to mid-part of the session. Intraday weakness of mid-part has been used as a buy on dips opportunity.

“Bears remained at the helm, taking the benchmark Nifty about 190 points lower from the previous closing. On the 4-hourly chart, the index has given an upward consolidation breakdown; besides, the shorter moving average (21 EMA) finished the day lower than the longer moving average (50 EMA), confirming the bearish scenario,” Rupak De, Senior Technical Analyst at LKP Securities, said.

The euphoria around a Santa rally on Dalal Street fizzled out as bears planned a surprise party for themselves

Specialty chemical companies have witnessed a smart recovery in manufacturing operations in the past one year, after the Covid-led disruptions. Supply-chain disruptions and uncertainty in China have created a significant opportunity for domestic chemical companies. Outsourcing will strengthen further as not only the supply chain shifts away from China but also from Europe on account of higher costs, said analysts.

Motilal Oswal is bullish on Galaxy Surfactants recommended buy rating on the stock with a target price of Rs 3390 in its research report dated November 10, 2022.

Motilal Oswal is bullish on Galaxy Surfactants recommended buy rating on the stock with a target price of Rs 3556 in its research report dated October 21, 2022.

With global supply chains continuing to face disruption and many global players facing raw material challenges, FOIL is beneficiary of strong procurement and inventory of raw material helping it meet customer requirements though at elevated prices, the brokerage said.

Further, gross margins are expected to remain under pressure even though companies undertook price hikes to pass on input cost inflation. According to brokerage Prabhudas Lilladher, companies undertook a 4-5 per cent hike in prices during the quarter.

With global supply chains continuing to face disruption and many global players facing raw material challenges, FOIL is beneficiary of strong procurement and inventory of raw material helping it meet customer requirements though at elevated prices, the brokerage said.

Further, gross margins are expected to remain under pressure even though companies undertook price hikes to pass on input cost inflation. According to brokerage Prabhudas Lilladher, companies undertook a 4-5 per cent hike in prices during the quarter.

With global supply chains continuing to face disruption and many global players facing raw material challenges, FOIL is beneficiary of strong procurement and inventory of raw material helping it meet customer requirements though at elevated prices, the brokerage said.

Galaxy Surfactants Ltd. key Products/Revenue Segments include Other Operating Revenue and Scrap for the year ending 31-Mar-2022.

These companies are positive on the long-term structural growth of the Indian chemicals sector on the back of China plus one strategy, focus on reducing chemical imports, R&D capabilities, and its leading and strong position with favourable government policies, the brokerage report said.

"Domestic-oriented sectors are where we see the maximum opportunity and growth potential. Reasonable valuations and good opportunity lie with private banks, insurance and domestic auto. While looking for stocks, I check the companies' track record of cash generation, theor capital allocation, valuation and also how the market share has shaped up."

Under the product strategy, the focus is on product development rather than on cost control or effective process technology.At times, product may not have a ready market – the companies may have to approach consumers and demonstrate the effectiveness of their products towards whatever purposes they are intended

Motilal Oswal is bullish on Galaxy Surfactants recommended buy rating on the stock with a target price of Rs 4000 in its research report dated August 10, 2022.

Galaxy Surfactants Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 11175.34 Crore) operating in Chemicals sector.

Shares of Hindustan Foods, Ontic Finserve, Rajnish Wellness and Shanti Educational Initiatives will go ex-split today. Hindustan Foods and Rajnish Wellness had announced the splitting of shares into face value of Re 2 from the face value of Rs 10 while Ontic Finserve and Shanti Educational Initiatives had announced the splitting of shares into face value of Re 1 from the face value of Rs 10.

Galaxy Surfactants Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 10752.01 Crore) operating in Chemicals sector.

Shares of various chemical companies have been under pressure in recent months on account of a rise in raw material prices and supply disruptions. While shares of Aarti Industries, Alkyl Amines, and Deepak Nitrite have declined 28% each since January 1, Clean Science and Fine Organics plunged 34% and 39%, respectively, during this period.

Ruchit Jain, Lead Research, 5paisa.com, said the immediate support is placed in the range of 16,000-15,950, and the short-term traders can look for buying interest in this support range. "The overall market breadth remains positive and is not the way we had recently seen during the downtrend. Hence, taking a stock-specific approach could be a better way to trade for the next few trading sessions," he said.

Galaxy Surfactants Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 10405.79 Crore) operating in Chemicals sector.

“GMM Pfaudler management has done a terrific job in taking a small Indian company and turning it into a mini multinational. They can last the distance and become a global leader in glass lined and ceramic reactors. Alkyl Amines is the market leader in Aliphatic Amines in India and the API industry is coming to India. The third is Fine Organics, the market leader in emulsifiers.”

Motilal Oswal is bullish on Galaxy Surfactants recommended buy rating on the stock with a target price of Rs 3525 in its research report dated May 18, 2022.

​Galaxy Surfactants, incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 9529.53 crore) operating in Chemicals sector.

Shares of Great Eastern Shipping Company will go ex-dividend today. The company had announced an interim dividend of Rs 5.40 per share.

Major Asian stocks rose in morning trade on Tuesday despite Wall Street stocks finishing mostly lower on weak Chinese economic data. MSCI's index of Asia-Pacific shares outside Japan was up 1.01 per cent.

Bharti Airtel, Indian Oil , DLF, PI Industries, Abbott India, GMR Infra, Dr Lal Pathlabs, Kajaria Ceramics, IRB Infra, Zydus Wellness, EID Parry, Jubiant Ingrevia, Sapphire Foods and Minda Corp are among the companies which will announce their earnings today.

Motilal Oswal is bullish on Galaxy Surfactants recommended buy rating on the stock with a target price of Rs 3632 in its research report dated April 29, 2022.

Motilal Oswal is bullish on Galaxy Surfactants recommended buy rating on the stock with a target price of Rs 3632 in its research report dated April 20, 2022.

“The whole space around supplying basic industrial chemicals to the pharma companies, to the processed chemicals industry and similarly supplying inputs for the FMCG industry. I call these pharma ancillaries and FMCG ancillaries. That industry is consolidating. In these spaces, one or two monopolies are emerging and we have been trying very hard to identify them. Paushak in specialty chemicals is one.”

"While quarter-on-quarter, the volumes have de-grown marginally by 2 per cent, y-o-y, we have registered a decline of seven per cent," Galaxy Surfactants Managing Director U Shekhar said.