Sensex drops by 518 points following Railway Budget announcement
The NSE Nifty plunged by 164 points to end at 7,623.20.
The market dropped following the announcement of the Railway Budget on the day.
Promising course correction and pledging to move away from populism, Railway Minister Sadananda Gowda on Tuesday presented the Narendra Modi government's maiden Railway Budget focussing on a public-private partnership in infrastructure development, infusion of FDI, announcing introduction of a diamond quadrilateral of high speed trains, an inaugural bullet train service besides harping on e-ticketing augmentation, safety of passengers and cleanliness.
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