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Asian Stocks rise. Fertilizers up.

Asian stocks climbed for a third day, and the euro strengthened to a two-week high against the dollar and bond risk decreased as concerns of a Greek debt default eased. Treasuries have snapped their steepest three-day loss this year.

At 9:18 AM the Sensex was trading at 18,805, up 111 points and the 50-share NSE Nifty climbed another 32 points to 5,633.

Among the gainers, Cairn India, DLF, L&T, Jaiprakash Associates, ICICI Bank, Reliance Communications, Hero Honda, Reliance Power, Reliance Capital, Ambuja Cements, ACC, Reliance Infrastructure, Bajaj Auto, ITC, HUL, M&M and Tata Steel were pushing the markets higher in early trade.

Sugar stocks continued their uptrend – Balrampur Chini and Shree Renuka Sugars moved up nearly 3%.

Fertiliser stocks are on buyers’ radar today. RCF, NFL and Chambal Fertilisers have gained 3-5%.



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