The votes are in, and Brexit wins as Britain has voted to leave the European Union.
At 10:00 am, it’s almost final that Britain will not be part of European Union.
The historic decision will change Britain’s place in the world. The value of the British pound fallen as financial markets absorbed the news. Brexit and EU Referendum has given the historical shock the world. Yesterday, on 23 June 2016 voting for Brexit was held and British PM Cameron has urged people to vote against Brexit but more than 51% British people are in favour of Brexit.
UK broadcasters predict that Britain has voted to leave the European Union in a historic referendum. Brexit poll counting is going on at total of 382 centres and 323 centres’ results are out and over 900000 votes are in favour of Brexit.
Indian government and Reserve Bank of India are ready with measures to control market instability, said Finance Secretary Ashok Lavasa after Brexit was seen as the potential outcome of the EU referendum.
The British pound fluctuated madly on Friday and gambling markets dramatically shortened the odds on Britain leaving the European Union. Great Britain Pound was trading down by 6.5 per cent against dollar.
The BSE Sensex on Thursday logged a surprise rally of 237 points to reclaim the 27,000-mark, in line with strong gains in Europe-based shares. Today, 24 June 2016, The Companies like Tata Motors, Bharat Forge, Apollo Tyres, TCS will be in focus as they are having exposure to the UK.
Indian Stock Market’s Nifty and Sensex plunged over 3% in the opening trade. Sensex was trading almost 928 points down at 26074.14. Nifty was trading 241.35 points down at 8,029. Rupee falls 88 paise against US dollar to below 68 mark in early trade as leads show ‘Leave’ camp ahead in ‘Brexit’ referendum vote.
Looking at the Scripts, Sun Pharma, Sun Pharma Advanced, MphasiS Ltd, Videocon, etc. are trading in green with gains of approx. 0.10 to 1.32 per cent. Rest all other components are trading in red in Indian Market before 11 am on 24 June 2016, Friday.
The Reserve Bank of India likely sold dollars around 68.20 rupee levels through state-owned banks to prevent the rupee from falling further.
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