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Opinion polls spark fresh rally; Sensex up 67 points at 4555 level

The Bombay Stock Exchange opened on a firm note on Monday morning on renewed buying interest. The buying was sparked by news reports about opinion polls that predicted a comfortable victory for the Bharatiya Janata Party-led National Democratic Alliance in the general election in September-October.

Dealers said this raised fresh hopes of getting a stable national government. Pivotals and commodity stocks were steady.

The 30-share benchmark index, the Sensex, was at the 4590 level by 1200 hours IST, up almost 100 points or 2.22 per cent over Friday's close of 4487. However, the index dropped to 4555 at close, a gain of 67 points or 1.40 per cent.

At the National Stock Exchange, the benchmark S&P CNX Nifty rose 20 points or 1.50 per cent points to 1,315.

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