The Indian
angle Of BREXIT :
With EU
losing one of its members, India too can feel singed.
Rupee may
depreciate because of the double effect of foreign fund outflow and dollar
rise.
This will
increase petrol and diesel prices to an extent.
The
government then may want to reduce additional excise duty imposed on fuel when
it was on a downward trajectory. This will increase fiscal deficit, unless
revenue increased.
Prices of
gold, electronic goods, among others will increase.
Cheaper
rupee will make Indian exports, including IT and ITeS, competitive.
Companies In India That will be affected By BREXIT:
Tata Steel
Tata Motors
ICRA
Hindalco
Wockhardt
Tech Mahindra
MothersonSumi
Kitex Garments
Cummins India
Cipla
Bharat Forge
Note:-(Those
Having position in Mentioned Stocks maintain caution as Stocks may show
unexpected Volatility on BREXIT voting day)
More will update soon!!
