Indian indices have traded mixed this year, as the BSE Sensex soared 2.80 per cent, the BSE Midcap index soared 0.28 per cent and the BSE Smallcap index plunged 2.96 per cent.

Analysts and investors are placing their bets on India's speciality chemical industry, which is anticipated to profit from the current international circumstances greatly. The market for speciality chemicals is migrating to India as a result of the Russia-Ukraine crisis and its effects while Indian businesses are well-positioned to benefit from this development. An added advantage is the decline in the rupee.