European markets which witnessed sharp losses towards 2.30 pm, dragged Indian indices from their day's high. All of the key European markets including the UK's FTSE, Germany's DAX and the French CAC were trading lower.
Among the shares that gained in trade today were Ambuja Cements, ITC, SAIL and Jindal Steel. Marketmen believe that markets could drift lower on lingering concerns over Greece. However, they are also recommending value buying at these levels, as some blue chip stocks are available at attractive valuations.
Indices are expected to take cues from the developments in Greece and the outcome of yet another general elections in the country, would decide how Europe and the rest of the world moves.