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Broader markets gain but rail stocks fail to rally
Published on Fri, Jul 03, 2009 at 14:44  |  Updated at Fri, Jul 03, 2009 at 16:21  |  Source : Moneycontrol.com

The market traded flat for most part of the day even as Railway Minister Mamata Banerjee announced a slew of measures in the rail budget on Friday. It however picked up steam in the latter part and made a swift move up. Railway stocks - which are traditionally in focus of budget day - failed to capitalise and mostly traded flat or in the negative (Read on next page: how the budget impacts railways companies).

The stock markets now head into a marquee event on Monday: Union Budget 2009-2010 to be presented by Finance Minister Pranab Mukherjee.


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Also read: Mkts to fall irrespective of what budget delivers: IL&FS

On next page: How the budget impacts railways companies

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