Expectations of muted expenditure on railway infrastructure and the assumption that there would be no further fare hikes may have contributed to the fall, according to analysts.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
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Most of the railway-related stocks, which had seen smart gains in the past few days ahead of the Rail Budget, saw profit-booking as Railway Minister Sadananda Gowda presented the Budget.
Experts caution that the rally in these stocks may fizzle out soon, as the overall market sentiment still remains weak.
Stocks might hit new highs even before B-Day.
RBI's fifth bi-monthly monetary policy meet due tomorrow also kept the investors on their toes.
TCS, ICICI Bank, Sun Pharma,Tata Motors and HDFC among the top losers for the day
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