BREXIT foxed the global markets whether it was equity, bonds, currencies or even commodities. The vote was slender with 51.9 per cent voting in favour and within the UK, Scotland and Ireland voting against the same. Scotland has begun to demand a fresh vote as it says it wants to remain with the European Union (EU) and the EU needs to act fast to hasten the exit of UK. A delay could force a few countries to think of exiting. India was comparatively better off than the emerging economies, being a largely self-consumption driven story, other than crude oil.

The skyline of buildings in London, seen from Waterloo Bridge as pedestrians walk by in central London. Pic/AFP