New Delhi, June 5 -- Railway PSU stocks continued their upward momentum on Thursday, with shares of companies such as RITES, RailTel Corporation of India, and RVNL registering gains of up to 7%. The rally in railway stocks came in tandem with a broader surge in the Indian stock market today, as benchmark indices Sensex and Nifty 50 rose nearly 1% each.

RITES share price jumped as much as 7.02%, RailTel shares gained 4.4%, Texmaco Rail & Engineering stock price advanced 3.6%, and Indian Railway Finance Corporation (IRFC) share price rose 2.10%. Meanwhile, shares of Titagarh Rail Systems, Rail Vikas Nigam Ltd (RVNL), and Indian Railway Catering and Tourism Corporation (IRCTC) were up over 1% each.

The sector has witnessed sustained buying...