Read more about Indices end near day s low; Dow futures down 178 pts on Business Standard. The domestic equity benchmarks ended near the day s low after a volatile trade on Thursday. Bourses witnessed bouts of volatility on account on weekly index options expiry on the NSE. The Nifty ended a tad above the 14,900 mark. Fertilizer shares
Shares of nine fertiliser companies rose by 1.67% to 6.62% after the government on Wednesday increased its share of subsidy for di-ammonia phosphate (DAP) fertiliser by 140% from Rs 500 to Rs 1,200 per bag.National Fertilizers (up 6.62%), Rashtriya Chemicals & Fertilizers (up 5.81%), Fertilizers & Chemicals Travancore (up 5.61%), Deepak Fertilisers & Petrochemicals (up 4.88%), Coromandel International (up 3.65%), Gujarat State Fertilizers & Chemicals (up 3.52%), Chambal Fertilisers & Chemicals (up 3.14%) and GNFC (up 1.67%) advanced.
The government has decided to increase the subsidy for DAP fertiliser from Rs. 500 per bag to Rs. 1200 per bag, which is an increase of 140%. Thus, despite the rise in international market prices of DAP, it has been decided to continue selling it at the older price of Rs 1200 and the central government has decided to bear all the burden of price hike.
Disinvestment: Modi Government Earned Raise Rs 2 Lakh Crore By Selling Stakes In Companies | सरकार बनाएगी 2 लाख करोड़ रुपए जुटाने का रिकॉर्ड, 1 75 लाख करोड़ का है लक्ष्य bhaskar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bhaskar.com Daily Mail and Mail on Sunday newspapers.
LDF seeks to cash in on UDF woes
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Candidature of Ebrahim Kunju’s son triggers protests from within IUML
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Candidature of Ebrahim Kunju’s son triggers protests from within IUML
The recently concluded elections to local bodies have given a new impetus to the Left Democratic Front (LDF), which is eager to wrest the Kalamassery constituency from the United Democratic Front (UDF), which comfortably won the Assembly elections in 2011 and 2016.
The LDF won 20 seats in the 42-member municipal council in the local body polls and believes it is on a strong wicket as the State goes to the Assembly elections on April 6.
Barometers hover near day s high; fertilizer stocks rally business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.