Fertiliser stocks fall on profit taking

Further,the sector has also been given a boost as the government announced loans at interest rate of four per cent — three per cent less than market rate — for farmers who pay their dues in time and raised the credit target for farm sector by Rs 1 lakh crore.

Despite these measures,scrips of fertiliser companies such as Nagarjuna Fertilisers & Chemicals,Chambal Fertilisers & Chemicals and Rashtriya Chemicals & Fertilisers shed 0.56 per cent,1.61 per cent and 0.19 per cent,respectively on the BSE.

However,National Fertilisers which had risen by 8.17 per cent in the morning session,maintained its rally on the bourse and ended 3.7 per cent higher to close at Rs 106.60.

Meanwhile,the BSE key index Sensex finished the day with a gain of 122.49 points at 17,823.40.