In total contrast to its strong run in the morning session, the markets dropped sharply by the close on Tuesday following the presentation of a Rail Budget that failed to enthuse investors.

At 3.30 p.m. pharma share Sun Pharma and FMCG major ITC were the only stocks in the green. While Sun Pharma was trading at ₹728, a gain of 0.62 per cent on Monday's close of ₹723.50, ITC was quoting at ₹335. This was up barely 0.06 per cent on its overnight close at ₹334.80.

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