Stock market update: Fertilisers stocks down as market falls

Stock market update: Fertilisers stocks down as market falls
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The 30-share BSE Sensex closed down 104.67 points at 57892.01

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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 lower in the Thursday's session.

Southern Petrochemicals Industries(up 5.92%), Aries Agro(up 3.44%), Khaitan Chemicals & Fertilizers(up 3.22%), Nagarjuna Fertilizers & Chem(up 1.16%), Chambal Fertilisers & Chemicals(up 1.07%) and KRISHANA(up 0.19%) stood among the top gainers.

Deepak Fertilizers & Petrochemicals(down 3.74%), ZUARIAGRO(down 3.70%), Sikko Industries(down 2.46%), National Fertilizer(down 1.96%), Agro Phos(down 1.93%), Fertilizers & Chemicals Tranvancore(down 1.85%), Mangalore Chemicals & Fertilizers(down 1.54%), Rashtriya Chemicals & Fertilizers(down 1.45%), G S F C(down 0.96%) and Madhya Bharat Agro Products(down 0.54%) were among the top losers of the day.

The NSE Nifty50 index ended 17.6 points down at 17304.6, while the 30-share BSE Sensex closed down 104.67 points at 57892.01.

TATA CONSUMER PRODUCTS(up 2.76%), HDFC(up 2.03%), Oil & Natural Gas Corporation(up 1.9%), Reliance Industries(up 1.27%), HDFC LIFE INSURANCE(up 1.07%), Hindustan Unilever(up 0.92%), Hindalco Industries(up 0.61%), Eicher Motors(up 0.6%), Larsen & Toubro(up 0.43%) and Asian Paints(up 0.4%) stood among the top gainers in the Nifty pack.

On the other hand, UltraTech Cement(down 1.85%), Axis Bank(down 1.79%), ICICI Bank(down 1.79%), IndusInd Bank(down 1.3%), UPL Ltd(down 1.19%), Adani Ports & Special Economic Zone(down 0.88%), Shree Cement(down 0.77%), Tata Consultancy(down 0.76%), State Bank of India(down 0.73%) and Sun Pharmaceutical Industries(down 0.73%) closed in the red.

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