Shares of state-owned oil marketing companies such has Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (BPCL) and Indian Oil Corporation (IOC) were trading higher between 2%-5% on the bourses as oil prices dropped on Monday, extending Friday’s sharp decline after Britain's vote to leave the European Union.

“Brent crude futures were down 15 cents at $48.26 a barrel by 0238 GMT on Monday, after settling down $2.50, or 4.9 percent, at $48.41 on Friday,” the Reuters report suggests.

Shares of Larsen & Toubro were up over 1% at Rs 1,449 in an otherwise lacklustre market after the company announced that L&T Construction has won orders worth Rs 2,416 crore.

The Building & Factories Business has won orders worth Rs 1,165 crore, Power Transmission & Distribution Business Rs 1,120 crore while the Smart World & Communication Business has won orders worth Rs 131, the company said in a release.

MUMBAI: Heavy selling pressure from operators and investors at the fag-end of week due to sharp fall in global markets as the UK voted for Brexit, pulled down the sensex by 228 points and Nifty by 82 points.

Pounded by Brexit, stocks and rupee went into a tailspin with the Sensex taking 1,090-point during the intra-day trade on Friday and rupee crashing by 97 paise but late buying by domestic institutions and talking-up by policymakers helped recoup some losses.

Aam Aadmi Party (AAP) legislator Dinesh Mohaniya was whisked away by police in the middle of a press conference in South Delhi on Saturday for allegedly assaulting a female constituent from his Assembly.

Claiming that Mr. Mohaniya was scheduled to voluntarily visit the local police station, when officials interrupted the press conference, AAP termed the incident a symptom of "an unsaid emergency in the Capital" coming as it did on its 40th anniversary.

The $150-billion Indian IT industry may have to experience short-term pains like delays in getting new contracts or dealing with a fluctuating currency but in the long term it stands to benefit from UK’s decision to exit from European Union. In the medium to long term, as UK tries to find its economic feet, its firms will have to continue to find ways to remain competitive and hence seek additional outsourcing expertise.

Gold prices fell from 26-month high by plunging Rs 485 to Rs 30,400 per 10 grams at the bullion market today on considerable fall in demand from jewellers at prevailing higher levels amid profit-selling by stockists, even as the metal strengthened overseas.

However, silver continued its upward journey and advanced by Rs 90 to Rs 42,390 per kg on increased offtake by industrial units and coin makers.

India could benefit from Brexit and delay in hike in the US interest rate over the next six months, YES Bank Chief Executive Officer Rana Kapoor has said.

"In the next 1-6 months, India could very well be a significant beneficiary of this extraordinary event, given Eurozone pain points, delayed hike in US interest rates and with India increasingly standing out as the must invest destination for strategic and financial investors.

Jammu and Kashmir Chief Minister Mehbooba Mufti won the Anantnag bypoll with more than 12,000 votes beating Congress and National Conference candidates.

After the four rounds, Mehbooba had polled 8,549 votes followed by Hilal Ahmad Shah of Congress (2,752) and Iftikhar Misger of National Conference (9,526), District Election Authorities said.

Highway projects worth about Rs 6,000 crore, including four projects on hybrid annuity model, have been approved for construction by the Expenditure Finance Committee on Friday.

Expenditure Finance Committee (EFC) headed by Road Transport and Highways Secretary Sanjay Mitra has given its approval to construction of highways totaling a length of over 409 km in the states of Maharashtra, Andhra Pradesh, Telangana, Sikkim and Assam, an official statement said.

Rishad Premji-managed Wipro Ventures, the $100 million venture arm of Wipro, India's third largest IT firm, has invested an undisclosed sum in Israel-based TLV Partners.

Based in Tel Aviv, TLV Partners, founded last year, has a corpus of $ 115 million and has invested in three startups so far, including Aqua, a virtual container security and Oribi, a Facebook ads analytics company. The firm specialises in linking Israel based startups with those of Silicon Valley, a key attribute that helps startups connect with the markets and potentially get acquired by large firms in the Valley.

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