The buying interest continued in afternoon trade on hopes of repo rate cut in RBI policy that will be announced on Wednesday. Nifty Realty index gained the most among sectoral indices, up nearly 2 percent while PSU Bank rose 0.8 percent.
The Sensex was up 98.45 points at 26447.55 and the Nifty gained 32.40 points at 8161.15. About 1589 shares advanced against 995 declining shares on the BSE.
Chemical manufacturing company DCW, formally known as Dhrangadhra Chemical Works, has reported a whopping 64.8 percent growth in profit at Rs 8.9 crore compared with year-ago period, driven by strong operational performance.
EBITDA (earnings before interest, tax, depreciation and amortisation) grew by 18 percent to Rs 45.2 crore and margin expanded by 340 basis points to 13.4 percent due to lower other expenses, raw material cost and power & fuel cost. However, revenue during the quarter fell 12.2 percent to Rs 336.1 crore compared with Rs 382.6 crore in same quarter last year.