Railway stocks rally after Modi appoints new minister

Reuters Market Eye - Railway stocks rally after the appointment of new minister. Traders cite hopes for reforms and investment into sector.

PM Modi appointed Suresh Prabhu as railway minister as part of a cabinet expansion.

Texmaco Rail and Engineering Ltd shares rise 4.5 pct.

BEML Ltd gains 4.3 pct and Titagarh Wagons Ltd surge 4.1 pct.

(Reporting by Abhishek Vishnoi)