Home Market Share market update: L&T, BHEL drag capital goods index down

Share market update: L&T, BHEL drag capital goods index down


NEW DELHI: Losses in Kalpataru Power Transmissions (down 3.53 per cent), Carborundum Universal (down 1.51 per cent), Larsen & Toubro (L&T) (down 1.37 per cent) and BHEL (down 1.26 per cent) were keeping the capital goods index down in Thursday's session.

Shares of L&T declined even as the company on Wednesday, meeting street estimates, reported a 36 per cent year-on-year rise in consolidated profit at Rs 1,215 crore for June quarter.

The BSE Capital Goods index was trading 0.65 per cent down at 18,011 around 11:35 am on Thursday.

CG Power and Industrial Solutions (down 0.89 per cent), Lakshmi Machine Works (down 0.79 per cent), Bharat Electronics (down 0.54 per cent), NBCC (India) (down 0.52 per cent) and Sadbhav Engineering (down 0.44 per cent) were also among the losers.

However, GE T&D India (up 5.47 per cent), Dilip Buildcon (up 5 per cent), Havells India (up 2.90 per cent), Schaeffler India (up 1.65 per cent), HEG (up 1.14 per cent) and Graphite India (up 0.95 per cent) were up in the capital goods index.

Shares of Elgi Equipments (up 0.92 per cent), Siemens (up 0.68 per cent), Thermax (up 0.62 per cent), SKF India (up 0.62 per cent), Suzlon Energy (up 0.62 per cent), BEML (up 0.50 per cent), Finolex Cables (up 0.41 per cent), ABB India (up 0.22 per cent) and AIA Engineering (up 0.21 per cent) too were in the green.

Equity benchmarks Sensex and Nifty touched fresh record highs of 37,026 and 11,179.60, respectively, on buying in bank, financial, auto and teck stocks amid sustained capital inflow and positive global cues.

The BSE Sensex was up 141 points at 36,999, while the NSE Nifty50 index was up 35 points at 11,167.

Among the 50 stocks in the Nifty index, 30 were trading in the green, while 19 were in the red.

In the Sensex index, 23 stocks were advancing, while 8 were declining.

Asian Paints, Larsen & Toubro and Kotak Mahindra Bank were among the losers in the Sensex index.

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