The Hindu : Business : Positive exit poll predictions for NDA lift Sensex by 71 points

Online edition of India's National Newspaper
Friday, May 07, 2004

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Positive exit poll predictions for NDA lift Sensex by 71 points

MUMBAI, MAY 6. Positive exit poll predictions for NDA lifted the Sensex for the third successive day by a whopping 71.11 points to close at 5757.30 on the Bombay Stock Exchange today on sustained buying by operators despite slow down in foreign funds inflow.

Exit polls yesterday showed the BJP-led NDA making gains in Uttar Pradesh, Madhya Pradesh and Rajasthan after the third phase of the polling, projecting that it was nearing the half-way mark, which boosted the market sentiment, dealers said.

Public sector undertakings (PSUs) counters remained in the limelight following good buying support from operators as well as institutional investors on expectation of mustering enough numbers by NDA-alliance to form a government, which could not slow down the disinvestment process, they added.Petrochem giant and the top heavy-weight, RIL and banking giant SBI led the pack on good institutional buying.

The BSE-30 share sensitive index opened at 5749.98 against yesterday's close of 5686.19 and moved between 5772.64 and 5739.26 before ending at 5757.30, a net gain of 1.25 per cent.

The broad-based BSE-100 index also improved further by 43.92 points to 3082.58.

— PTI

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