Impact of Brexit on Indian Stock Market

There had been a lot of speculations and fear of BREXIT since a very long period of time. In the referendum which took place on 23rd June 2016, 52% opted for BREXIT while 48% wanted to remain within the E.U. Since the very next day, there had been large uncertainity on the impact of BREXIT on Indian business. India is considered to be one of the largest sources of FDI for U.K with a large number of Indian Companies operating in Britain. The present study attempts to find the impact of this event on Indian stock market by using graphical and descriptive approach and considering five major sector indices. The study found that the indices reacted during the event but the market recovered immediately showing no major long term impact.