Today's Market

The market closed up sharply higher today by 700+pts on the back of receding pessimism about the fallout from brexit, in line with regional markets. This coupled with a recovery in crude oil prices, hike in cement prices helped sentiment, even though turnover remained on he lower side. The Index has so far recovered about 700pts from a 1700pts decline from highest closing earlier this month.

Today's Market saw healthy gains in OMC's, Refiners, Banks, Cements and E&P's. Price movement was pretty broad-based across sectors. Investors are likely to watch foreign flows for cues on further movement.