GetPaidIndia.com

August 8th, 2007

Rains few days back and now floods. Almost all parts of the country are witnessing the wrath of natural calamities one way or the other. However, the Indian stock markets seems to be busy in its own way. After the choppy trades following global factors and today with the possible rupee moving towards good and ECB norm announcement today, the markets closed in the green. The Sensex managing to stay in the green above the 15K mark.

Of the many listed companies that are dependent of agriculture or agri-related inputs, Balrampur Chini is the one of the first to come out and tell the status of its business will be impact due to the recent natural calamities. The company seems to have told a television channel that the sugar cane crop in Uttar Pradesh is okay and that their production would not be hit, at least, at the moment.

Entry Filed under: Equities, Buzzing News