Some investors warned of a coming British or even global recession as sterling collapsed to hit its lowest since 1985.
Firms to find alternative export routes or face increased trade barriers
Markets under pressure; IT financials grab spotlight.
Seeking to strengthen Indo-UK economic ties, Prime Minister Narendra Modi on Thursday arrived in Britain on his first visit to the country during which he will have a hectic schedule that will start with talks with his British counterpart David Cameron.
India and the United Kingdom are set to sign a "package of deliverables" during Prime Minister Narendra Modi's first visit here that will also see discussions over cooperation in sectors like nuclear energy and defence.
The S&P BSE Sensex surged 160 points to close at 25,262.
Prime Minister Narendra Modi on Saturday inaugurated a memorial in London dedicated to Dr B R Ambedkar over two months after India acquired the bungalow where the Dalit icon and architect of India's Constitution lived as a student in the 1920s.
The broader NSE Nifty, after shuttling between 10,651.60 and 10.532.70 points on alternate bouts of buying and selling, closed 6.20 points, or 0.06 per cent, down at 10,576.30.
Top gainers from the Sensex pack are ONGC, HDFC, HUL, RIL and Cipla.
Prime Minister Narendra Modi said India and the United Kingdom are economically made for each other.
The referendum will have long-term implications for Indian companies, which earn a substantial portion of revenue from the region.
Going by the current pace, IT firms are likely to exceed the manufacturing sector in salary payouts over the next five years.
'Britain always had a very special relationship with the EU -- it always was an on/off relationship. It retained its own currency and visa.' 'Britain always had what you call in EU lingo 'opt out clauses', which other countries don't have.'
The list of corporations publishing biographies has lengthened steadily as companies have realised the effectiveness of story telling as a brand building tool. Kanika Datta investigates the rising trend.
TCS still ace in the pack
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