INDIAN SHARES SEE WORST DAY IN 4 MONTHS; TATA STEEL LEADS FALL

Indian shares were headed for their worst single-session decline since February on Friday, as Britain's decision to leave the European Union rattled global markets.

Shares of Tata Motors, Tata Steel and Tata Consultancy Services -- part of the $100 billion Tata group -- led losses due to their significant exposure to the United Kingdom.

The benchmark BSE Sensex ended 2.24% lower at 26.397.71 points, recovering from an intraday low 25,911.33, while the broader NSE Nifty50 index slipped 2.2% to 8,088.60. The NSE's volatility index rose 16.8% to a near four-month high earlier Friday.