Stocks of companies related to railways sector fell as much as 8 percent in morning trade today due to profit-booking ahead of the railway budget to be presented shortly.
Shares of Texmaco Rail & Engineering tanked 7.72 percent, while Titagarh Wagons plunged 4.99 percent on the BSE.
Similarly, Kernex Microsystems fell by 4.93 percent.
Rail stocks have surged in the past few days on hopes of some measures from this railway budget including FDI in railways, introduction of bullet trains, robust maintenance system for railway tracks, increasing the number of trains and raising the speed of trains.
In the stock market, the benchmark BSE Sensex was trading at 26,055.28, down 44.80 points at 1130 hours.
Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.
