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Indian markets turn jittery following Brexit

India Blooms News Service | | Jun 25, 2016, at 04:56 am

#India #Indian markets #Brexit #Brexit Fallout

Mumbai, Jun 24 (IBNS): The Indian market on Friday responded negatively to UK's decision to leave the European Union, with Sensex down 604.51 points to 26,397.71 and Nifty down 181.85 points to 8,088.60.

The Sensex, which had plunged to 25,911.33 intraday, managed to recover a little following value-buying in select bluechip stocks.

Tata Group stocks took a beating after the Brexit fallout, according to media reports.

Some of the key stocks that plunged on Friday were Tata Motors, Tata Steel, L&T, ICICI Bank, ONGC, RIL, Axis Bank, SBI, TCS and Adani Ports.

Key stocks that gained on Friday included NTPC, GAIL, Asian Paints, M&M, Bajaj Auto, Cipla and Sun Pharma.

Not only equity, but currencies and commodities, except safe heaven precious metals gold & silver, too felt the heat and plummeted.

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