Sensex soars 237 points ahead of Brexit poll outcome; European cues lend support

After consolidating within the previous 2 sessions markets gained momentum in late trades when selection commenced within the United Kingdom in a very historic vote whether or not it ought to stay as a member of the 28-nation global organization or not. The rally was semiconductor diode by robust cues from Europe whereas gains within the Indian monetary unit additionally power-assisted sentiment.

Meanwhile, investors can be careful for the Brexit poll outcome before markets open for trade tomorrow.

The S&P bovine spongiform encephalitis Sensex gained 237 points to shut at twenty seven,002 and also the Nifty50 surged sixty seven points to complete at eight,270.

“Markets witnessed rangebound trades within the past 2 days, but it shot up within the late trades these days on the rear of decrease within the marketing pressure amid uncertainty relating to the mega Brexit vote. Meanwhile, lower volumes area unit changed across the exchanges. If Great Britain decides to remain within the EU then swell will see eight,250 levels otherwise it should drop up to seven,700 levels. Post the event, markets can keenly look ahead to the announcement of the start of the Monsoon session of Parliament as passage of the crucial GST bill remains unfinished,” says A K Prabhakar, head of analysis, IDBI Capital.

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