<div>JP Morgan downgrades Coal India Ltd to "underweight" from "neutral", while cutting NDMC Ltd to "neutral" from "overweight".<br /><br />The investment bank says Coal India's downgrade was driven by its assessment of potential coal production and prices.<br /><br />On NMDC, JP Morgan says it expected just "broadly stable" domestic iron ore prices, while noting "weak" global iron ore prices as another factor.<br /><br />(Reuters)</div>
