Share market update: Fertiliser stocks surge on subsidy cheer; Chambal Fertilisers, GDFC among top gainers

INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Most fertiliser stocks, including Fertilizers Chemicals Tranvancore (up 13.81 per cent), Southern Petrochemicals Industries (up
12.75 per cent) and Chambal Fertilisers Chemicals (up 12.60 per cent), surged in morning trade on Tuesday
Fertiliser stocks swung to action after reports emerged that the government may start giving subsidies to fertiliser firms on a weekly
basis
Shares of Nagarjuna Fertilizers and Chemicals (up 6.92 per cent), SCBL (up 6.31 per cent), Rashtriya Chemicals Fertilizers (up 5.72 per
cent), National Fertilizer (up 4.48 per cent), Zuari Agro Chemicals (up 4.12 per cent), GSFC (up 3.62 per cent) and Deepak Fertilizers
Petrochemicals (up 3.53 per cent) too were among the gainers
Headline indices Sensex and Nifty hit fresh record opening highs on Tuesday, tracking positive global cues
Among the sectoral indices on NSE, PSU bank, private bank, realty, bank, auto and financial services were in the red
The NSE Nifty index was trading 29.7 points up at 11,721.65, while the BSE Sensex was up 100.5 points at 38,794.61 around 09:45 am. Among
the 50 stocks in the Nifty index, 30 stocks were in the green while 20 were in the red. NTPC, Cipla, Coal India, Sun Pharma and Asian Paints
were among the top gainers, while Titan Company, YES Bank, UPL, State Bank of India and Grasim Industries were among the top losers in the
Nifty index.