Indian markets which took a huge beating on Friday morning ahead of UK referendum results seem to have recovered after the final results in favour of the Leave campaign were announced.
While the Sensex which opened 1000 points down recovered 450 points from day’s low, Nifty managed to recover 300 points after the initial dip of 318 points even as Prime Minister David Cameron offered his resignation and put a new PM in place in the next three months.
Currently the Sensex is down 840.89 points or 3.1 percent at 26161.33, and the Nifty down 263.40 points or 3.2 percent at 8007.05.
Rupee had nosedived 74 paise against US dollar to 67.99 in early trade, the lowest since March 1 as leads show ‘Leave’ camp ahead in ‘Brexit’ referendum vote.
Tata Motors, Tata Steel, ICICI Bank, Axis Bank and L&T are some of the players who have lost heavily in the Sensex bloodbath.
US bank JP Morgan has said that UK jobs could move abroad even markets across the globe faced the heat of Brexit.
Read all the Latest News , Breaking News , watch Top Videos and Live TV here.
Comments
0 comment