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Brexit to benefit Indian firms only in the long run, say analysts

Auto, pharma, IT, chemicals among sectors with significant reliance on UK and European nations with Tata Motors, Motherson Sumi, Tata Steel, TCS, Wipro, Infosys and Tech M among key names

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On year-to-date basis, shares of Infosys have gained 70 per cent, TCS is up 35 per cent and Wipro by 56 per cent.

Saloni Goel Yash Upadhyaya New Delhi/Mumbai

5 min read Last Updated : Dec 29 2020 | 12:01 AM IST

The United Kingdom (UK) and European Union (EU), last week, struck a historic Brexit deal that cheered global markets, including investors back home.

Though most market experts remain bullish on the prospects of companies that do business with the region, they caution that any benefit will be visible over the long term.

The UK and the EU have been in complex negotiations since March to try and keep their trade in goods flowing from January 1, 2021. The deal announced on Thursday means that this goods trade – roughly half of the $900 billion of annual EU-UK commerce

Topics : Brexit deal Indian companies European Union Britain Global Markets Indian stock markets IT firms Pharma Companies India GDP growth

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