The capital goods sector grew a muted 1.8 per cent in May 2015 while consumer goods contracted and growth in intermediate goods decelerated.
"This implies that the revival in the industrial sector is not as strong as we were made to believe a month ago," brokerage Nirmal Bang said in a report.
Shares of L&T and BHEL had rallied 13 per cent and 8 per cent respectively in the past one month. In comparison, the Nifty gained over 4 per cent in the past one month.
At 10:15 a.m., shares of L&T were down 1.6 per cent while BHEL fell over 1 per cent as compared to a flat Nifty.
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