Today it's all about volatility. Don't read too much into anything the market always takes care of itself. If you are up for the high octane up/downswings, then today is a gift.
The real impact will show up in due time and even the NSE wont escape the ramifications. There are some extremely bullish sentiments on safcom in this forum of late. Time will tell.
Meanwhile, most local metrics(NSE20,interbank rate,tbills/bonds,USDKES) which have been in a comatose for a while have had some movements either way...some entertainment at last. Wonder how Q2 GDP figures will look like with banks extending their Q1 slowdown. Treasury has some decisions to make on its expansionary budget.
The main purpose of the stock market is to make fools of as many people as possible.