Indian cement makers decline on falling prices

Written by Reuters | Updated: Dec 30 2013, 20:57pm hrs
India's cement makers decline on worries about falling cement prices due to a slowdown in construction activity.

ICICI Securities estimates average prices for cement settled at 289 rupees per bag this month from 304 rupees last month, according to a report from its retail unit ICICI

ACC Ltd falls 2.52 percent, Ambuja Cements Ltd is 2.06 percent lower and UltraTech Cement Ltd is down 1.87 per cent.