UBS downgrades Zee Entertainment; shares fall

Reuters Market Eye - Shares in Zee Entertainment Enterprises Ltd fall 2 percent after UBS downgrades the stock to "sell" from "buy" and reduces its target price to 200 rupees from 245.

UBS cites expectations of bigger losses from sports-related TV channels in fiscal 2013/14 as well as increased losses from new investments in channels.

(Reporting by Abhishek Vishnoi)