Click it and Unblock the Notifications
Companies with exposure to the Brazilian markets, which saw their shares slide following a rating downgrade of Brazil saw some recovery in their prices today.
Torrent Pharma gained almost 3 per cent, Glenmark Pharma was up almost 2 per cent and United Phosphorus was up 1 per cent. Several other companies like KEC and Renuka Sugars also have a presence in Brazil and their shares were trading with gains.
On Thursday, noted rating agency S&P downgraded the rating of Brazil to junk. A downgrade of the rating implies it could be risky for business prospects as the fundamentals of the country remain weak.
Brazil is a major player in the commodity space and the recent fall in commodity prices is not good news for the country. It has also been witnessing some political turmoil in the last few months.
GoodReturns.in
More From GoodReturns
Indane, HP & Bharat Gas Cylinder Booking Rules: OTP Mandatory After LPG Refilling Gap Increased to 25-45 Days
Crash in Gold Rate in India by Rs 71,400 in Single Day; Will Gold Price Today Fall Below Rs 1.50 Lakh? Outlook
Gold & Silver Rates Today Live: MCX Gold Crashes By Rs 5,645, Silver Falls By Rs 16,540; 24K, 22K, 18K Gold
1:5 Split Soon? Vedanta Ltd To Consider 3rd Interim Dividend On March 23, Share Jumps; Record Date & Buy Call
Sleeper Vande Bharat Express New Routes Identified for Long Distance Travel
Gold & Silver Rates Today Live Updates: Will 24 Carat, 22 Carat, 18 Carat See Bullish Week Ahead?
Mega Gold Price Crash Alert! 24K Sinks Rs 1.36 Lakh/100 Gm In Week; Silver Sees Losses | March 23-27 Outlook
Gold & Silver Rates Today Live: MCX Gold Ends Above Rs 1.40 Lakh, Silver Up 1%; 24K, 22K, 18K Gold On March 24
Gold Rate Crashes Over Rs 1 Lakh in Single Day, Slips to Lowest Since January; Will Gold Price Today Decline?
Gold Price Crash May Fuel Jewellery Demand: Why Kalyan Jewellers Share Price Could Shine Despite 5% Dip
Fatal Crash In Gold Rates In India By Rs 1,03,200/100 Gm; Biggest Single-Day Fall In 24K, 22K, 18K Gold Prices
Sign in with Google