Fertiliser shares in focus; National Fertilizers, RCF up 5%

RCF, Nagarjuna Fertilizers, National Fertilisers, FACT and Madras Fertilisers were up in the range of 5% to 8% on the BSE.

Shares of fertilizers companies were trading higher by up to 10% on the BSE in early morning trade after the government approved a proposal to extend urea subsidy till 2020.

Rashtriya Chemicals & Fertilisers (RCF), Nagarjuna Fertilizers and Chemicals, National Fertilisers, Fertilizers & Chemicals Travancore (FACT) and Madras Fertilisers were up in the range of 5% to 8% on the BSE. On comparison, the S&P BSE Sensex was trading flat at 33,839 points at 10:20 am.

"The continuation of the urea subsidy scheme will ensure adequate quantity of urea is made available to the farmers at statutory controlled