Indian stock markets closed marginally lower today even as the railway budget was announced.

According to dealers trading action was choppy owing to F&O expiry ahead. Traders were also watchful prior to Union Budget as well.

The 30-share index BSE Sensex marked its closure at 16,263.75 points after losing 22.57 points as against its previous close.

At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty ended the day with a loss of 8.35points at 4,861.70.

Broader markets also closed in the negative zone with the BSE midcap index 0.49% lower and the BSE small cap index 0.70% down.

The top gainers in the Sensex included Maruti Suzuki, NTPC, Tata Power, SBI, L&T and TCS.

Losers list included Sun Pharma, Mah & Mah, RCom, Tata Motors and Tata Steel.

Overall market breadth on the Bombay Stock Exchange remained pessimistic with 1840 declination as compared to 956 advancements. (With Input from Agencies)