Markets fall due to ambiguous Rail Budget, Sensex down over 400 points

Markets have reacted negatively to the much awaited major policy document of the NDA government – the Railway budget presented today. The Railway related stocks have taken a bad beating, falling over 10%. Sensex is trading down by over 450 points, currently at 25,646, Nifty is down by 141 points, staying at 7641 right now. Rail related Texmaco fell close to 20% while other major sectoral scrips have fallen by about 5%.

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