New Delhi, Jan. 12 -- GE Vernova T&D India, Apar Industries, Cummins India, and Siemens were among nearly a dozen stocks from the capital goods space that continued to witness heavy losses in the Indian stock market for the third straight day on Monday, January 12, with declines of up to 6.5%.

The sell-off in these stocks was triggered on Thursday after the news agency Reuters reported that India's Finance Ministry plans to lift a five-year-old restriction on Chinese companies bidding for government contracts worth USD 700-750 billion, aiming to revive commercial ties amid easing diplomatic tensions.

The report, citing two sources, said that officials were working to remove the registration requirement. "Both sources, who declined to be...