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
