Indian markets are expected to open on a Negative note tracing Global cues.
US markets closed Fridays trading session on a negative note as shockwaves from
the U.K.s s surprise vote to leave the European Union (BREXIT) swept across global
European shares plunged on Friday on account of Britains exit from the EU as the
traders swiftly moved towards safe havens. Participants were expecting Britain to
remain as an EU member and the vote came as a major surprise.
Indian markets were first to witness the negative reaction of BREXIT as the vote tally
which was in its last stages indicated that BREXIT was inevitable. The markets
recovered from its lows after the Finance Minister and the RBI Governor addressed
that Indias sound fundamentals and reforms would enable the country to deal with
any fallout from the BREXIT.

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