Stock market update: Fertilisers stocks up as market falls

Stock market update: Fertilisers stocks up as market falls
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The 30-share BSE Sensex closed down 185.24 points at 55381.17

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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 Wednesday's session.

ZUARIAGRO(up 7.55%), & Fertilizers(up 6.65%), & Petrochemicals(up 4.70%), Southern Petrochemicals Industries(up 4.11%), Madras Fertlizers(up 3.65%), Fertilizers & Chemicals Tranvancore(up 3.01%), G S F C(up 2.31%), Fertilizers (up 2.04%), Coromandel International(up 1.83%) and Aries Agro(up 1.05%) stood among the top gainers.

Agro Phos(down 4.73%), Nagarjuna Fertilizers & Chem(down 4.64%), & Fertilizers(down 2.73%), Sikko Industries(down 2.54%), KRISHANA(down 2.11%), & Chemicals(down 1.61%), & Fertilizers(down 0.42%) and National Fertilizer(down 0.10%) were among the top losers of the day.

The NSE Nifty50 index ended 61.8 points down at 16522.75, while the 30-share BSE Sensex closed down 185.24 points at 55381.17.

JSW Steel(up 3.31%), Coal India(up 1.63%), HDFC LIFE INSURANCE(up 1.37%), Mahindra & Mahindra(up 1.26%), HDFC(up 1.0%), Kotak Mahindra Bank(up 0.99%), Tata Steel(up 0.75%), Grasim Industries(up 0.56%), NTPC(up 0.51%) and ITC(up 0.44%) stood among the top gainers in the Nifty pack.

On the other hand, Bajaj Auto(down 3.73%), Apollo Hospitals Enterprises(down 3.53%), Tech Mahindra(down 2.85%), Hindalco Industries(down 2.82%), Britannia Industries(down 2.65%), Bajaj Finserv(down 2.61%), Nestle India(down 2.54%), Sun Pharmaceutical Industries(down 2.48%), HCL Technologies(down 2.2%) and Hindustan Unilever(down 1.9%) closed in the red.
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