Reuters Market Eye - Shares in Ambuja Cements Ltd (ABUJ.NS) fall 2 percent on expectations the company will post lower-than-expected earnings for the October-December quarter later in the day, dealers say.
Morgan Stanley reduced its rating on Ambuja Cements to "equalweight" from "overweight" on Wednesday, saying valuations already reflect expectations of firmer cement prices and a "structurally positive" outlook for the sector.
(Reporting by Abhishek Vishnoi)
Trending On Reuters
The Reserve Bank of India (RBI) has not said it is done with interest rate cuts and will keep a close eye on incoming data, Governor Raghuram Rajan told CNBC in an interview. Read | RBI more likely to cut rates in Sept - Reuters poll