IIP fall hurts Capital goods stocks

The 19-components Bombay Stock Exchange capital goods index emerged as the second worst performer among sectoral indices after realty,ending 257.40 points,or 1.58 per cent down at 15,997.29 points.

Market analysts said stocks of capital goods came under selling pressure on disappointing industrial output,which slowed down to 5.6 per cent,on the back of a 2.6 per cent contraction in the capital goods production.

Besides,a weak trend in the global markets also dampened the trading sentiments here,they said.

Stocks of Larsen amp; Toubro,the largest engineering firm,suffered the most in more than two weeks by losing 1.94 per cent to Rs 1,998.60.

State-run BHEL8217;s shares too succumbed to the selling pressure and ended 1.9 per cent down at Rs 2,526.85,Bharat Electronic declined by 1.30 per cent to Rs 1,852.10,while BEML fell by 1.34 per cent to Rs 1,141.30.

Other losers were Siemens Ltd,which fell by 0.63 per cent to Rs 814.45,Thermax by 1.46 per cent to Rs 801.50,Havells India by 1.11 per cent to Rs 419.30,Reliance Industrial Infra by 1.83 per cent to Rs 894.45,Areva Tamp;D by 1.66 per cent to Rs 316.65,Lakshmi Machinery Works by 0.25 per cent to Rs2,567.20.

Meanwhile,the BSE-30 share index Sensex also lost 136.55 points to close at 20,203.34 points.