The key domestic benchmark indices plunged during the morning trading session on Friday with investors across the globe nervous about the outcome of Thursday’s EU referendum in the UK. Early results from the Brexit referendum indicated a tight race with a slim lead for the “leave” camp at 51.4 per cent of the votes casted so far, sending the pound to its biggest ever drop and pushing Asian markets deep in the red.
At 09:15 AM, the Bombay Stock Exchange bellwether Sensex was at 26097.18 down by 905.04 points or by 3.35 per cent, while the NSE Nifty was at 8029.1 points, trading lower by 241 points or by 2.92 per cent.
The BSE Sensex touched an intraday high of 26367.48 and an intraday low of 26081.17 while the NSE Nifty touched an intraday high of 8029.1 and an intraday low of 8029.1
Meanwhile, Tata Motors Ltd. (Rs. 436.35,-10.58 per cent), Tata Steel Ltd. (Rs. 309.10,-7.39 per cent), ICICI Bank Ltd. (Rs. 225.35,-6.44 per cent), Axis Bank Ltd. (Rs. 499.85,-5.06 per cent), State Bank of India (Rs. 208.35,-4.16 per cent), were among the top losers on BSE.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total 1299 shares traded, 57 shares advanced, 1218 shares declined while 24 were unchanged.
On the global front, Asian stocks were trading lower today as early results indicated better than expected support for Britain leaving the EU, hurting risk taking appetite. US stocks finished slightly lower in the previous trading session as polls showed the outcome of a UK referendum on whether to leave the EU remained too close to call a day ahead of the vote.