Fri, Dec 14, 2012 at 09:52
Fertiliser shares rally even as Sensex, Nifty struggle
Fertiliser shares were up in morning trade Friday even as key equity benchmarks Sensex and Nifty struggled for direction.
Brokers attributed the rally in fertiliser shares to news of the government clearing the urea investment policy, which could attract much need investments in the sector.
The 30-share Sensex was flat at 19, 228 and the 50-share Nifty flat at 5851.
Fertilisers and Chemicals Travancore led gainers in fertiliser space, rallying over 15 percent to Rs 31.80. Other notable gainers included Rashtriya Chemicals and Fertilisers, Liberty Phosphate, SPIC, National Fertilisers and GNFC, all of which were up 3-4 per cent.
The 30-share Sensex was flat at 19, 228 and the 50-share Nifty flat at 5851.
Fertilisers and Chemicals Travancore led gainers in fertiliser space, rallying over 15 percent to Rs 31.80. Other notable gainers included Rashtriya Chemicals and Fertilisers, Liberty Phosphate, SPIC, National Fertilisers and GNFC, all of which were up 3-4 per cent.
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