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Railway stocks like RailTel, IRFC, RVNL, Ircon International, and Titagarh Rail Systems surged up to 9% on BSE today amid positive news flow.

The Rs 3,500 crore Avanse Financial IPO comprises a fresh equity sale of Rs 1,000 crore and an offer for sale (OFS) of up to Rs 2,500 crore by the existing shareholders. Under the OFS, Olive Vine Investment, International Finance Corporation, and Kedaara Capital Growth Fund III will offload shares. Net proceeds for the issue will be utilised for augmenting the capital base to meet the future capital requirements arising out of the growth of business and assets.

​However, if we look at the longer-term valuations of the entire private sector pack, that have actually time corrected and most of them are trading at their long-term averages, that means prices have not gone anywhere but earnings have actually grown.

A total of 7,101 shares changed hands on the counter till 01:03PM (IST)

Indian IT stocks surged following positive results from Accenture, with Persistent Systems leading the gains. Analysts expect a strong demand environment to drive healthy earnings growth.

Rahul Shah says that in the short term, consumer stocks might overtake capital goods stocks for some time and the small and the mid-sized capital goods in a specific area would do much better. Further, FIIs flow will continue and financials, which we were also very positive on, will continue to drive the markets for the next couple of months.

nvestec maintained a buy rating on Astral with a TP of Rs 2,370. The brokerage expects imposition of anti-dumping duty on PVC pre-September. Potential levy of anti-dumping duties on CPVC resin/compound in the $593-792/t range across countries.

On the technical charts, the RSI of the stock stood at 66.6.

I would say beyond banks there are a lot of themes which we still like within the market. There is the broader theme of energy security, there is the theme of I guess high value-added services exports, the GCC theme, the tourism theme.

A total of 6,309 shares changed hands on the counter till 11:56AM (IST).