Reuters Markey Eye - JP Morgan downgrades Coal India Ltd (COAL.NS) to "underweight" from "neutral", while cutting NMDC Ltd (NMDC.NS) to "neutral" from "overweight".
The investment bank says Coal India's downgrade was driven by its assessment of potential coal production and prices.
On NMDC, JP Morgan says it expected just "broadly stable" domestic iron ore prices, while noting "weak" global iron ore prices as another factor.
(Reporting by Indulal PM)
Trending On Reuters
Two founding members of anti-establishment political Aam Aadmi Party (AAP) were ousted from its top decision-making panel on Saturday, deepening the rift in the party that is seen as a potential challenger to Prime Minister Narendra Modi. Full Article
Iran, powers close in on 2-3 page nuclear deal; success uncertain - officials Full Article