Fifteen capital goods shares fell by 0.38% to 2.3% at 11:45 IST on BSE after the latest data showed that capital goods production slumped 27.9% in June 2012 from a year earlier, compared with a 8.8% decline in May 2012.
Siemens (down 2.3%), Punj Lloyd (down 1.94%), AIA Engineering (down 1.41%), Alstom T&D India (down 1.35%), Crompton Greaves (down 1.32%), ALSTOM India (down 1.29%), BEML (down 1.24%), Bhel (down 1.21%), Thermax (down 1.17%), ABB (down 1.16%), Larsen & Toubro (down 0.98%), Jindal Saw (down 0.75%), Bharat Electronics (down 0.59%), Havells India (down 0.42%) and Praj Industries (down 0.38%), edged lower.
The BSE Capital Goods index was down 0.84% at 9,801.82. It underperformed the Sensex, which was up 0.14% at 17,625.72.
The BSE Capital Goods index had underperformed the market over the past one month until 8 August 2012, falling 2.63% compared with the Sensex's 0.45% rise. The index had, however, outperformed the market in past one quarter, rising 10.63% as against 6.37% rise in the Sensex.
Capital goods production had risen 38.72% in June 2011 from a year earlier.
Industrial output, measured by the index of industrial production or IIP, contracted 1.8% in June, driven down by a slump in manufacturing, government data showed on today, 9 August 2012. Manufacturing, which constitutes about 76% of industrial production, shrank an annual 3.2% from a year earlier.
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