Tata group stocks and IT stocks contribute to Sensex fall

With formal BREXIT voting results only hours away and BBC already predicting BREXIT an eventuality, global equity markets are expressing surprise by trading sharply down on Friday. Indian markets opened down sharply with Sensex opening at 26367.48 levels and further heading south by making lows of 26053 on an intra-day basis. This suggests a fall of 1,000 points in Sensex from yesterday's close. 

IT stocks and Tata group stocks viz., Tata Motors, Tata Steel and TCS have fallen substantially touted to have maximum exposure to UK economy. 

Infosys has cracked least at 1.80 per cent, trading at Rs. 1,189 at 9.40 am. Tech Mahindra is down by 4 per cent at 510 per share, HCL is down by almost 4 per cent at Rs 735 per share and Wipro is down by 2.1 per cent at Rs 551 per share. 

Tata Motors is down by almost 9 per cent trading at Rs 441 per share, TCS is down by almost 3.5 per cent at Rs 2562 and Tata Steel is down by almost 8 per cent at Rs 311 per share. 

Tata motors has contributed most to Sensex fall by dropping almost 105 points and adding to the total fall of 850 points. TCS contributes 50 points and Tata Steel contributes 16 points to Sensex's fall. Put together the three Tata group stocks have contributed to almost 20 percent of Sensex fall at the time of filing this report.