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BHEL, ABB, Siemens and L&T shares slide as profit booking intensifies
Engineering and infrastructure stocks, including BHEL and L&T, fell as investors engaged in profit booking and awaited key macroeconomic cues.
Shares of major engineering and infrastructure stocks such as Bharat Heavy Electricals Ltd (BHEL), ABB India, Siemens India and Larsen & Toubro declined sharply, as profit booking and sector rotation weighed on sentiment. Traders pointed to elevated valuations and cautious positioning ahead of key macro data releases.