Cargo, transport stocks rise after budget infrastructure push

Indian cargo and transport sector stocks advanced after the budget announced fresh allocations for logistics and infrastructure initiatives, including a new dedicated freight corridor and high-speed city rail corridors. Shares of Container Corporation of India rose as much as 4.5 percent, marking their biggest intraday gain since May 16. Other transport and infrastructure stocks also moved higher. RITES Ltd. gained 3.1 percent, Larsen & Toubro advanced 2.8 percent, VRL Logistics rose 1.1 percent, JSW Infrastructure added 3.6 percent, and ...