Markets unmoved, railway stocks slip

The markets continue to trade on a quiet note while the Railway Budget has been presented in the Lok Sabha. The Sensex is now up 10 points at 16,296. The Nifty is down two points at 4,868.

However, railway related stocks which were up 2-3% in early trades have now slipped into red.

Texmaco has slipped over 3% to Rs 145. Titagarh Wagons has declined nearly 2% to Rs 197. Kalindee Rail has shed over 4% at Rs 185.

Hind Rectifiers has declined 1.5% at Rs 71. Kernex Micro has dropped 3.7% to Rs 154.
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(Updated at 1214 hrs)

The markets are flat while the Railway Minister Mamta Banerjee has just started the Rail Budget on the floor of the Parliament.

The Sensex is now at 16,281, down four points. The NSE Nifty is at 4,859, down 10 points.

Among the Sensex-30 stocks, Larsen & Toubro, Reliance and TCS have advanced 1% to Rs 1,502, Rs 983 and Rs 768, respectively. Tata Power, Maruti, Reliance Infrastructure, ITC and NTPC have advanced 0.5% each.

Mahindra & Mahindra has slipped 3% to Rs 954. Tata Motors, Hero Honda and Tata Steel have declined 2% each to Rs 683, Rs 1,662 and Rs 566, respectively.

Reliance Communication, Sun Pharma, ACC, DLF andd BHEL are down 1% each

The market breadth is negative, out of 2,653 shares traded, 1,732 have declined and 831 have advanced so far on the BSE.

Among the sectoral indices, auto and the metal indices are down 1% at 6,812 and 15,905, respectively.