Stock Sectors: Stock Update: Fertilizer Stocks Fall as Market Rise

NEW DELHI: Fertilizer stocks were trading lower at 11:25 am on Thursday

Sikko Industries Ltd. (up 8.29%), Krishana Phoschem Ltd. (up 2.10%), Aries Agro Ltd. (up 1.54%), Madhya Bharat Agro Products Ltd. (up 0. 88%), Mangalore Chemicals & Fertilizers Ltd. (increase. The biggest gainers were Gujarat State Fertilizer & Chemicals Ltd. (increase by 0.59%) and Zuari Agro Chemicals Ltd. (increase by 0.38%).

Bohra Industries Ltd. (down 3.50%), Southern Petrochemicals Industries Corporation Ltd. (down 2.52%), Deepak Fertilizers & Petrochemicals Corporation Ltd. (down 0.95%), Paradeep Phosphates Ltd. (down by 0.94%), Chambal Fertilizers & Chemicals Ltd. (down by 0.91%), The Fertilizers and Chemicals Travancore Ltd. (down by 0.87%), Rama Phosphates Ltd. (down by 0.78%) ), Coromandel International Ltd. (down 0.66%), National Fertilizers Ltd. (down 0.35%) and Rashtriya Chemicals & Fertilizers Ltd. lost the most (down 0.24%).

The NSE Nifty50 index rose 104.11 points to 22,701.9, while the 30-share BSE Sensex rose 371.69 points to 74,592.75 at around 11:25 am.

Axis Bank Ltd. (up 2.12%), Adani Enterprises Ltd. (up 1.99%), Larsen & Toubro Ltd. (up 1.84%), State Bank of India (up 1.67 %), Eicher Motors Ltd. (up 1.55%), ICICI Bank Ltd. (up 1.31%), Bharat Petroleum Corporation Ltd. (up 1.2%), Apollo Hospitals Enterprise Ltd. (up by 1.17%), Infosys Ltd. (up by 1.17%) and LTIMindtree Ltd. (up by 1.13%) were among the top gainers in the Nifty pack. In turn, Power Grid Corporation of India Ltd. (down by 3.81%), Sun Pharmaceutical Industries Ltd. (down by 3.64%), Hindalco Industries Ltd. (down by 2.31%), JSW Steel Ltd. ( down 1.4%), Grasim Industries Ltd. (down 1.29%), Coal India Ltd. (down 1.08%), Tata Consumer Products Ltd. (down 0.82%), Tata Steel Ltd. (down 0.67%), NTPC Ltd. (down 0.66%) and Britannia Industries Ltd. (down 0.48%) were trading in the red.