Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Rail stocks continue to rise; gain up to 13 pct

Jul 07 2014, 18:20 IST
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Shares of Texmaco Rail & Engineering surged 13.03 per cent, while Titagarh Wagons rallied 4.99 per cent on the BSE. (Photo: AP) Shares of Texmaco Rail & Engineering surged 13.03 per cent, while Titagarh Wagons rallied 4.99 per cent on the BSE. (Photo: AP)
SummaryStocks of companies related to railways sector continued to surge for the second straight session...

Stocks of companies related to railways sector continued to surge for the second straight session, gaining up to 13 per cent today ahead of the Rail Budget tomorrow.

Shares of Texmaco Rail & Engineering surged 13.03 per cent, while Titagarh Wagons rallied 4.99 per cent on the BSE.

Kalindee Rail Nirman (Engineers) was up 4.96 per cent and Kernex Microsystems soared 4.38 per cent.

On Friday also, these stocks had gained up to 8 per cent.

"Some measures which can be expected in this railway budget are FDI in railways, increasing the number of trains, increasing the speed of the trains by cleaning up surrounding areas of railway tracks, introduction of bullet trains," said Yogesh Nagaonkar, VP- Institutional Equities, Bonanza Portfolio.

Railways Minister Sadananda Gowda will present his maiden rail budget tomorrow in Parliament.

Meanwhile, the broader market was also strong with the benchmark Sensex gaining 138.02 points to close at 26,100.08.

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