Weak factory output hits capital goods stocks; L&T, ABB India, NBCC fall

The BSE Capital Goods Index ended the day with losses of 1.9% on Monday

The BSE Capital Goods Index was the worst-hit sectoral index on Monday as factory output data slipped to its lowest levels seen in 17 months.
 
The index of industrial production (IIP), which was reported after market hours on Friday, was down 0.5 per cent in November. 
 
The BSE Capital Goods Index ended the day with losses of 1.9 per cent on Monday.
 
Among individual stocks, the construction and engineering giant Larsen & Toubro (L&T) saw the largest single-day fall seen since September 28, 2018. The company’s share price ended with losses of 2.6 per cent. ABB India