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Stock market update: Capital goods index down; BEL plunges on weak Q4 numbers

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NEW DELHI: The BSE Capital Goods index was trading 0.25 per cent down at 19,024 around 01:20 pm on Wednesday with Bharat Electronics (BEL) (down 4.23 per cent) as the top loser. As per Reuters, BEL reported on Tuesday a 29 per cent slump in its March quarter net profit, while revenue from operations dropped around 16 per cent.

GE TD India (down 1.82 per cent), Sadbhav Engineering (down 0.87 per cent), Larsen Toubro (down 0.58 per cent), Lakshmi Machine Works (down 0.58 per cent), Siemens (down 0.53 per cent), Va Tech Wabag (down 0.27 per cent) and NBCC (India) (down 0.11 per cent) were also among losers. On the other hand, shares of Reliance Naval and Engineering (up 5.35 per cent), Bharat Heavy Electricals (up 2.15 per cent) and Graphite India (up 2.07 per cent) were the top gainers in the index. Benchmark BSE Sensex was up 40 points at 34,989, while the NSE Nifty50 index was up 7 points at 10,640.

Mahindra Mahindra, Coal India and Power Grid were leading the pack of Sensex gainers.




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