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.
The railway minister said the target of 700 km of new lines in the current year (2012-13) had to be scaled down to 470 km due to inadequate resources.
Railways Minister Sadananda Gowda will present his maiden Rail Budget on July 8 in Parliament.
TCS, ICICI Bank, Sun Pharma,Tata Motors and HDFC among the top losers for the day
