BHEL, ABB, L&T plunge up to 14% after report says govt may scrap curbs on Chinese companies

January 8, 2026

Shares of BHEL and other capital goods stocks tumbled up to 14% after reports said the Finance Ministry may scrap restrictions on Chinese companies bidding for government contracts. BHEL closed nearly 9% lower, while ABB, Siemens and L&T also declined amid broad market weakness and sharp sector-wide selling.

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