Railway Stocks Take A Hammering Post Rail Budget

Business

oi-Sunil

By Sunil Fernandes

Updated: Thursday, February 26, 2015, 13:37 [IST]

Railway stocks fell sharply in trade today as markets believed nothing much came from Railway Budget that would benefit these stocks.

Kalindee Rail Nirman dropped 7.36 per cent, Texmaco fell 7.26 per cent, Titagorh Wagons fell 6 per cent and Container corporation dropped 3.5 per cent.

Stocks from the rail sector had fallen in morning trades itself. Dealers say that there may have been positions that were created earlier this month and the fall could be attributed to the same. The last day of the F&O expiry for the Feb series may also have weighed on sentiments, which led to the selling pressure.

Meanwhile, markets themselves were trading lower with the Sensex down 135 points and the Nifty dropping 44 points in trade.

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