Here is a look of the major business development for the Week ended June 24, 2016 in India. Major event which moved the market was Brexit vote. Go through the slides to know about gold, rupee, stocks and more.
Benchmark indices ended the day sharply lower, as Britain's Citizens voted to exit the EU In a referendum held on June 23.
The Sensex ended the day lower by 604 points, while the Nifty dropped 182 points in trade
The rupee too fell and was last seen trading at 67.89 to the US dollar. Rupee breached 68-k mark during the day. Check currency rates here.
Interest Rates On Post Office Schemes
The government revises the interest rate on post office small savings scheme every quarter. The interest rates for this quarter remained unchanged and same rates will be applicable as previous quarter.
Changes in PPF withdrawal
As per the new notification, you can now withdraw the outstanding amounts in your Public Provident Fund (PPF) Account for specific needs like education and serious ailment.
Gold prices surged in trade as investors chose safe haven assets as Britain chose to leave the Eurozone, that shocked world markets.
Stocks such as Tata Motors, Tech Mahindra were hardest hit companies as they have a significant presence or export to the UK and the EU region.