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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.
