The Indian equity market managed to close higher due the return of buying trend in US and Asian markets. The 30-share BSE index Sensex rose by 100 points to 26625 and the 50-share NSE index Nifty is closed with a gain of 29 points to 8170.
Impact on Indian Stock Market
Market is worried of Brexit. Brexit mean the referendum that is scheduled to keep UK out from European Union. The referendum to be held on June 23 to decide that UK will remain in European Union or not. Experts are assuming that if UK will out from European Union than all financial market of world will fall.
Brexit is huge event for the markets and if it happen than it will definitely have a great impact on the markets for short term . Brexit case is not like Lehman Brothers. Brexit could be an opportunity for Indian investors to buy on lower levels. If stock market fall due to Brexit than it will be a great opportunity for long term investors.