The market on Tuesday opened flat with the Nifty holding the 8250 levels. The 50-share index moved up 18.10 points or 0.2 percent at 8256.60, whereas the Sensex gained 5.46 points at 26872.38.
Shares such as GAIL, Lupin, ONGC, ICICI Bank and Mahindra and Mahindra were among the top gainers while Bharti Airtel, SBI, ITC, Bajaj Auto and Axis Bank were down.
The Indian rupee opened lower by 9 paise at 67.40 per dollar on Tuesday versus 67.31 Monday.
According to the market experts the Indian markets seem to have taken the Rexit in their stride with equity, bond and currency markets coming off their intra-day lows, in tandem with the global risk-on sentiment, as Brexit fears have eased substantially.
The pound retreated after its strongest surge since 2008, as polls published early today highlighted that the leave campaign retains strong support. Meanwhile the yen continues to strengthen. Globally, Asia markets took a breather in morning trade, with major indexes in Japan and South Korea dropping at the open, following Monday's global rally on easing Brexit concerns and gains in oil prices.
US market ended higher with the Dow closing up triple digits. S&P 500 briefly touched the key 2100-mark.
All eyes are on June 23, when Britons will vote to decide if the UK should leave or stay within the European Union. Polls show vote will be close on whether UK stays in the EU.
Crude prices declined after surging over three percent yesterday. Brent is still holding above USD 50 per barrel. Gold prices fell as markets watch Brexit campaign.
