Ratings agency Standard & Poor's affirmed India's sovereign rating at "BBB-minus" with a "negative" outlook, reiterating there was a one-in-three chance of a ratings downgrade over the next 12 months, a statement said on Friday. Full Article
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Fertiliser shares surge on urea manufacturing push
MUMBAI (Reuters) - Fertiliser shares rallied on Friday after the government approved a new policy to encourage investment in urea manufacturing, in a move seen expediting $6.5 billion in projects that have been held back.
National Fertilizers (NAFT.NS) was up 5.3 percent at 9:21 a.m., Rashtriya Chemicals and Fertilizers (RSTC.NS) gained 5.2 percent, while Chambal Fertilisers and Chemicals (CHMB.NS) gained 2.9 percent.
(Reporting by Rafael Nam; Editing by Prateek Chatterjee)
- Tweet this
- Share this
- Digg this