Early monsoon hits cement markets
The early arrival of monsoon in India has hit share markets of the country's cement makers-Ambuja Cements, ACC and UltraTech Cement. The rain is seen likely to hurt construction activity in the coming months. Ambuja Cements fall by 2.04 per cent, while ACC drops 1.85 per cent and UltraTech is down by 1.31 per cent.
The monsoon rains, which run from June to September, hit the southern coast last week, and are exacted to make an early arrival in other parts of the country.