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Capital goods shares correct on profit booking 20-Sep-2012

Suzlon Energy (down 3.21%), Bhel (down 3.04%), BEML (down 2.82%), Punj Lloyd (down 2.31%), Jindal Saw (down 1.67%), SKF India (down 1.57%), AIA Engineering (down 1.44%), Larsen & Toubro (down 1.4%), Praj Industries (down 1.24%), ABB (down 1.1%), Crompton Greaves (down 0.97%), Lakshmi Machine Works (down 0.92%), Havells India (down 0.86%), Siemens (down 0.83%), Thermax (down 0.59%) and Pipavav Defence and Offshore Engineering Company (down 0.52%), edged lower.

The BSE Capital Goods index was down 1.43% at 10,361.83. It underperformed the Sensex, which was down 0.46% at 18,410.31.

The BSE Capital Goods index rose 13.58% in the preceding nine sessions to 10512.08 on 18 September 2012 from a recent low of 9255 on 6 September 2012.

The BSE Capital Goods index had outperformed the market over the past one month till 18 September 2012, rising 4.62% compared with the Sensex's 4.55% rise. The index had also outperformed the market in past one quarter, gaining 11.53% as against Sensex's 10.72% rise.

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