Railway stocks edged lower at 12:25 IST on BSE after the finance minister Arun Jaitley in his Budget speech has pegged FY19 railway capital expenditure at Rs 1.48 lakh crore.
Titagarh Wagons (down 4.31%), Kernex Microsystems (India) (up 4.04%), Texmaco Rail & Engineering (down 2.17%), Container Corporation of India (down 0.63%), Nelco (down 0.41%) and Hind Rectifiers (down 0.21%) edged lower. Stone India (up 1.66%) and BEML (up 0.21%) edged higher.
Meanwhile, the S&P BSE Sensex was down 27.52 points or 0.08% at 35,937.50.
Jaitley, in his Budget speech for FY 2019, said that the government has kept an aim to electrify 4,000 kms of railway lines in FY19. Focus will be on safety, maintenance of railway tracks, increase in use of technology and fog safety devices, FM said. All railways stations with more than 25,000 footfalls to have escalators, he added. All railways stations and trains to have Wi-Fi and CCTVs progressively, FM said.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app