Sensex sheds over 600 points after poll decides for a Brexit
After British decides to leave EU membership, Indian market managed to re-gain some movement from the hotbed of morning trading session. Sensex ended at 26,397.71 down 604.51 points or 2.24%. The 30-script was negative as they faced selling pressure by investors. The index had 6 advances and 24 declines. Tata Motors was among the top losers after the Brexit poll decision. The shares of Tata Motors closed at Rs. 449 down 8%.
British exit from EU membership slumped the Tata Motor shares. The shares of the company was trading at Rs. 444.65 down 43.35 points or 8.88%. It faced selling pressure with total traded quantity of 27.48 lakh shares against two weeks average quantity of 7.68 lakh shares.
Raghuram Rajan cooled off Indian market, by saying RBI would provide liquidity to enable orderly adjustment in the local market following Brexit creating ripples across global markets, while he expects India's strong fundamentals would help it to remain largely immune from the shock. Sensex was bounces back to its 26,000 mark. However, the market was trading down by 774.98 points or 2.87% at 26,227.24 on global cues.