Fertiliser shares down as price hike deferred

Shares of fertiliser companies were trading lower after a panel of Indian ministers on Wednesday deferred a decision to raise urea prices and asked a committee of secretaries to take a view on the matter.

At 9.22 a.m., shares of Rashtriya Chemicals and Fertilizers, Mangalore Chemicals and Fertilizers, Deepak Fertilisers and National Fertilizers were down 3-5 percent.