Cement companies ACC and Ambuja Cements were hit by profit-taking, sending shares down more than 1% each despite reporting strong March sales.
Ambuja said cement shipments rose 12.4% to 2.18 million tonne in March from a year ago, while ACC said shipments reached 2.34 million tonne last month.
Analysts said strong demand will continue to drive shipments higher in the first half of calendar 2012.