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Shares of Rashtriya Chemicals, UPL jump 5-9% as govt pledges to boost farm income

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Fertilizers and Chemicals Travancore ltd shares surged 10.67 percent to Rs 47.20.

Shares of Rashtriya Chemicals, UPL jump 5-9% as govt pledges to boost farm income
Shares of fertiliser companies rose between 2 percent to 11 percent on Friday after the government reiterated its commitment to increase farm income.
UPL surged 4.52 percent to trade at Rs 735.45. The stock hit an intra-day high of Rs 736, after opening at Rs 710.
Rashtriya Chemicals and Fertilizers shares were up 9.28 percent to Rs 74.20. It touched an intra-day high of Rs 79.60, after opening at Rs 79.25.
Fertilizers and Chemicals Travancore shares surged 10.67 percent to Rs 47.20, National Fertilizers rose 4.92 percent to  Rs 46.95, Nagarjuna Fertilizers and Chemicals rose 4.86 percent to Rs 12.95, Madras Fertilizers gained 1.78 percent to Rs 25.75 while Gujarat State Fertilizers & Chemicals climbed 2.67 percent to Rs 113.30.
Meanwhile, equity indices continued their strong show, extending gains on positive macro-economic data and the recovery in the Indian rupee.
The BSE Sensex traded at 38,041.61, rising by 324 points, or 0.86 percent, while the NSE Nifty 50 traded at 11,488.00, trading higher by 118.10 points, or 1.04 percent at 1.55 pm.
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