Sensex Falls On Fears Of Greece Exit From The Eurozone

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Benchmark indices fell in early trade on heightened fears that Greece would exit the eurozone, after people in Greece voted for a resounding "no" to a referendum on creditors demand for reforms in exchange for loans.

    Sensex Falls On Fears Of Greece Exit From The Eurozone
    Indices
    Fears that the contagion of a Greece exit from the Eurozone would spread to other vulnerable and debt heavy countries worried markets across the globe.
     

    The Japanese Nikkei was down 1.58 per cent in trade, while the Hang Sang was down almost 3 per cent, with other Asian markets all down between 1-2 per cent.

    Also read How the Greece Crisis Will Impact India?

    The Sensex was trading with losses of 216 points, while the Nifty dropped 63 points in trade after seeing sharp falls in the initial part of trade. The rupee was also weak by 15 paise at 63.68 to the dollar.

    Metal stocks were the worst hit with Tata Steel, Vedanta and Hindalco among the losers. Banking stocks also saw some selling pressure with ICICI Bank, Yes Bank and IndusInd Bank among the losers.

    Mid cap stocks also fell sharply with the index down more than one per cent. CESC, Exide and Kansai Nerolac were the worst hit from the space.

    Meanwhile, markets across Asia opened the day sharply lower, though the Shanghai Composite managed to buck the trend and was trading with gains of almost 2 per cent after policy support helped push indices higher.

    GoodReturns.in

    Read more about: sensex nifty
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more