Friday, 24 June 2016

Asia Stocks Tumble as UK Referendum Polls Lean Towards Brexit

Brexit Live: Jayant Sinha says India haven of stability
 278 out of 382 areas vote 51.76 percent to leave and 48.24 percent to stay in European Union, which pushed FTSE futures lower by 7.8 percent at 5795.50.  For more live update visit & give missed call @ 78-79-88-11-22.

        The market has opended sharply lower.    The Sensex is down 940.07 points or 3.5 percent at 26062.15, and the Nifty down 287.70 points or 3.5 percent at 7982.75. About 57 shares have advanced, 1065 shares declined, and 18 shares are unchanged.
    A majority of British voters said that the United Kingdom should leave the European Union. Markets are moving wildly, and currencies are making big moves, but the actually political process will be much, much slower. 
     Tata Motors is down 10 percent. Tata Steel is down 8 percent, ICICI Bank, Maruti and Adani Ports are major losers. 
     The margin is tipping in favour of the leave camp. The leave camp leads with 15,061,847 votes against Remain's 14,040,003, says BBC. 
    Domestic investors are positive on India. Once the dust settles, our fundamentals will start asserting themselves, Prasad says. 
    Tata Motors hammered 10 percent as indices down 3 percent in early trade.

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