Stock market update: Fertilisers stocks up as market rises

The 30-share BSE Sensex closed up 1039.8 points at 56816.65

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Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
NEW DELHI: Fertilisers shares closed higher in the Wednesday's session.

Nagarjuna Fertilizers & Chem(up 4.05%), Fertilizers & Chemicals Tranvancore(up 3.90%), Coromandel International(up 2.86%), ZUARIAGRO(up 2.20%), Madhya Bharat Agro Products(up 2.00%), Aries Agro(up 1.95%), G S F C(up 1.65%), Southern Petrochemicals Industries(up 1.51%), Gujarat Narmada Valley Fertilizers (up 1.50%) and KRISHANA(up 1.25%) stood among the top gainers.

Agro Phos(down 4.33%), National Fertilizer(down 1.27%), Chambal Fertilisers & Chemicals(down 1.03%), Sikko Industries(down 0.99%), Rashtriya Chemicals & Fertilizers(down 0.82%) and Deepak Fertilizers & Petrochemicals(down 0.01%) were among the top losers of the day.


The NSE Nifty50 index ended 312.35 points up at 16975.35, while the 30-share BSE Sensex closed up 1039.8 points at 56816.65.

UltraTech Cement(up 4.73%), Axis Bank(up 3.68%), IndusInd Bank(up 3.57%), Shree Cement(up 3.49%), Bajaj Auto(up 3.35%), Britannia Industries(up 2.82%), Tata Motors(up 2.72%), Infosys(up 2.72%), Bajaj Finserv(up 2.65%) and Bajaj Finance(up 2.61%) stood among the top gainers in the Nifty pack.

On the other hand, Cipla(down 1.15%), Sun Pharmaceutical Industries(down 0.27%), Power Grid Corporation of India(down 0.14%) and TATA CONSUMER PRODUCTS(down 0.1%) closed in the red.
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