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UK starts voting on Brexit: Tata Motors, Infosys, Bharat Forge in mixed trade on BSE

All these companies have operations or exposure to the UK; if UK votes 'yes' to leave the EU, it is expected to have long-standing impact on Indian companies and markets.

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Shares of companies with exposure to the UK saw mixed trading ahead of the crucial 'Brexit' referendum outcome. 

Tata Motors scrip rose by 1.92% while Tata Steel fell by 1.31% on BSE. Shares of Bharat Forge were up 1.77% and Hindalco gained 1.39%. 

Infosys rose by 0.53% while TCS fell by 1.51 per cent and Tech Mahindra went down by 0.95%. According to reports, Indian IT companies get anywhere from 6-18% 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. 

The United Kingdom is voting today on whether to remain in or leave the 28-nation European Union. Britain's exit from the bloc, widely described as 'Brexit', is being debated globally as such a development could have far reaching implications for the international financial markets, exchange rates and the world economy as a whole. 

There are also fears that exit of Britain from the EU could trigger significant capital outflows, including that from the Indian market. 

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