Market opener

Stocks across Asia took fright on Friday and opened sharply lower as early voting patterns suggested Britons may have voted to exit the European Union. The British Pound plunged versus major currencies and traders braced for very high volatility amid major price action.

Crude Oil Futures fell 6 percent and Gold Futures jumped 6 percent as traders sought the traditional safety of the yellow metal.

Early polls suggest that more than 51 percent Britons may have voted to exit their membership from the European Union. This triggered sell orders across all riskier assets.

The Nifty plunged 237 points at 8,032 in the first half hour of trade. 50 stocks fell on the index and Sun Pharma was the lone gainer thanks to plans to buy back shares.

Tata Motors, State Bank and ICICI Bank took the first three slots of the list of top traded stocks by value. Reliance Communications was present on the list of most active securities.

The Nifty 100, 200 and 500 indices dropped more than 2.5 percent each.

The Sensex plunged 751 points at 26,251 points on the Bombay Stock Exchange with Tata Motors, Sun Pharma and State Bank being the top traded shares on the index. Sun Pharma was the only gainer.

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