The Sensex recouped 500 points loss in last couple of hours of trade, especially after recovery in Europe but still ended sharply lower after the UK voted to leave European Union. The index fell 604.51 points or 2.24 percent to 26397.71 and the Nifty slipped 181.85 points or 2.20 percent to 8088.60.
About 1823 shares declined against 709 advancing shares on BSE.
Tata Motors cracked 8 percent and Tata Steel fell 6 percent as both companies have huge exposure to Europe. European markets were down 5-8 percent.
KEY STOCKS
Nineteen sectoral indices on BSE dropped between 2%-6% amid sharp slide on the bourses as global markets roiled after Britain voted to leave the European Union.
Auto, Metal, Realty, PSU & Private Bank indices hit the worst by falling more than 5% each on the NSE as global markets roiled after Britain voted to leave the European Union.
Tata Motors and Motherson Sumi Systems from auto, Vedanta, Tata Steel and Hindalco Industries from metal, Indiabulls Real Estate, Unitech, Housing Development & Infrastructure (HDIL) from real estate and IDBI Bank from the banking dipped upto 8% each.
Shares of Tata Motors, India’s biggest automobile manufacturer, crashed more than 8% in as news of UK’s exit from the European Union spooked markets.
Tata Steel which has large operations in the UK and earns 58% of its total revenues from Europe dropped nearly 7%.
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