Borrowings fall: India Inc raised USD 1.32 billion from overseas markets in May, down 45 percent from the same month a year ago, RBI data showed on June 23.
Indian companies had raised USD 2.39 billion from foreign markets in May 2015.
Stocks to focus on ahead of Brexit vote outcome: Tata Motors, Tata Steel, Bharat Forge, Hindalco, Infosys, TCS and Tech Mahindra are the stocks that will get impacted by outcome of Britain's referendum.
According to reports, Indian IT companies get anywhere from 6-18 percent of their revenues from the UK. The UK has traditionally been the gateway for Indian IT firms to enter Europe and they have set up a large presence in the UK to serve the EU markets from their headquarters in London.
Buzzing: Shares of Reliance Communications gained more than 3 percent intraday. The rating agency has upgraded its outlook to stable from negative on the long term rating BBB+ of Reliance Telecom.
Market Check
European stocks traded higher with investors remaining cautious as UK voters go to the polls for a referendum on European Union (EU) membership. France's CAC, Germany's DAX and Britain's FTSE were up 0.8 percent each. ITC, HDFC Bank, Tata Motors, SBI, Sun Pharma, Lupin and Dr Reddy's Labs gained 1.5-3 percent while NTPC fell over 2.5 percent.
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