Stock market update: Fertilisers stocks down as market falls

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ETMarkets.comLast Updated: May 07, 2024, 04:29:00 PM IST

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The 30-share BSE Sensex closed down 383.69 points at 73511.85

Nifty — 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 Tuesday's session.

Bohra Industries Ltd.(up 0.80%) stood among the top gainers.

Zuari Agro Chemicals Ltd.(down 5.26%), Gujarat State Fertilizer & Chemicals Ltd.(down 4.70%), Aries Agro Ltd.(down 4.44%), Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(down 4.12%), Deepak Fertilisers & Petrochemicals Corporation Ltd.(down 4.02%), Nagarjuna Fertilizers and Chemicals Ltd.(down 3.74%), Madras Fertilizers Ltd.(down 3.67%), Southern Petrochemicals Industries Corporation Ltd.(down 3.30%), Chambal Fertilisers & Chemicals Ltd.(down 3.02%) and Mangalore Chemicals & Fertilizers Ltd.(down 2.81%) were among the top losers of the day.

The NSE Nifty50 index ended 140.21 points down at 22302.5, while the 30-share BSE Sensex closed down 383.69 points at 73511.85.

Hindustan Unilever Ltd.(up 5.47%), Tech Mahindra Ltd.(up 2.4%), Britannia Industries Ltd.(up 2.22%), Nestle India Ltd.(up 2.09%), Tata Consultancy Services Ltd.(up 1.48%), ITC Ltd.(up 1.29%), Kotak Mahindra Bank Ltd.(up 1.21%), Wipro Ltd.(up 1.15%), Infosys Ltd.(up 1.06%) and SBI Life Insurance Company Ltd.(up 0.67%) stood among the top gainers in the Nifty pack.

On the other hand, Bajaj Auto Ltd.(down 4.14%), Power Grid Corporation of India Ltd.(down 3.79%), Oil And Natural Gas Corporation Ltd.(down 3.04%), IndusInd Bank Ltd.(down 3.01%), Hindalco Industries Ltd.(down 2.92%), Tata Motors Ltd.(down 2.73%), JSW Steel Ltd.(down 2.65%), Apollo Hospitals Enterprise Ltd.(down 2.59%), Cipla Ltd.(down 2.55%) and Shriram Finance Ltd.(down 2.43%) closed in the red.

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