Nineteen sectoral indices on BSE dropped 2.05% to 6.07% at 11:00 IST on BSE amid sharp slide on the bourses as global markets roiled after Britain voted to leave the European Union.
Meanwhile, the S&P BSE Sensex was off 991.44 points or 3.67% at 26,010.78 slumping along with the carnage witnessed in world financial markets after outcome of Brexit referendum vote today, 24 June 2016 suggested Britain voted to leave the European Union (EU). Investors are worried that Brexit from EU will have serious implications on the global economy.
Britain has voted to leave the European Union based on voter tallies from today's 24 June 2016, referendum, an outcome that would set the country on an uncertain path and deal the largest setback to European efforts to forge greater unity since World War Two.
World financial markets dived as counting from 374 of 382 areas showed a 51.7/48.3 split for leaving. Quitting the EU could cost Britain access to the EU's trade barrier-free single market and mean it must seek new trade accords with countries around the world. Risk assets were scorched as investors fled to the safety of top-rated government debt. The currencies collapsed with British Pound Sterling and Euro witnessing a free fall against the dollar.
All the nineteen sectoral indices on BSE were in the red. The S&P BSE Realty index (down 6.07%), the S&P BSE Industrials index (down 5.84%), the S&P BSE Bankex (down 5.08%), the S&P BSE Auto index (down 5.37%), the S&P BSE Finance index (down 4.34%), the S&P BSE Metal index (down 5.58%), the S&P BSE Capital Goods index (down 4.89%), and the S&P BSE Basic Materials index (down 4.62%) underperformed the Sensex.
The S&P BSE Healthcare index (down 2.12%), the S&P BSE Oil & Gas index (down 2.88%), the S&P BSE FMCG index (down 2.05%), the S&P BSE Consumer Durables index (down 2.15%), the S&P BSE Energy index (down 3.27%), the S&P BSE IT index (down 3.42%), the S&P BSE Consumer Discretionary Goods & Services index (down 3.18%), the S&P BSE Teck index (down 3.36%), the S&P BSE Power index (down 3.37%), the S&P BSE Utilities index (down 3.09%), and the S&P BSE Telecom index (down 3.47%) outperformed the Sensex.
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