Shares of Bharat Heavy Electricals Limited (BHEL) after opening at Rs 286, up from previous close of Rs 284.65, dived to hit the low of Rs 269, reflecting decline of 5.5 per cent on BSE.
Also shares of Larsen and Toubro (L&T) plunged to 52-week low of Rs 1,203.35, down 2.4 per cent from previous close of Rs 1,232.50 on BSE.
Experts opined that weak order inflows in the sector has hit the sentiments of the investors, as new projects getting delayed across the country. Also high interest costs in the market have dampened the new projects outlay in domestic markets.
Decline in the two heavyweights was also instrumental in overall fall in Capital goods index as the BSE CG index was trading at 1,583.62 points, down 3% from previous close at 11:00 AM.