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Markets take a beating on rising euro turmoil

BSE benchmark Sensex which crashed by 602 points at one stage on Monday staged a partial recovery to end with a loss of 167 points at 27,645.15.

By: ENS Economic Bureau | Mumbai |
June 30, 2015 12:56:49 am
Greece, Greece banks, Greece banks closure, Greece protests, Greece economy, Greece ATM limits, Greece limits withdrawals, Greece ATM withdrawals, Greece banks shut, European central bank, Greece loans, economy Greece, europe news, economy news, world news, indian express news The lobby of the BSE office in Mumbai. Sensex crashed by 602 points at one stage on Monday later staging a partial recovery to end with a loss of 167 points. (Source: Reuters)

Domestic stock markets took a hit on Monday after Greece shut its banks for the week and imposed limits on cash withdrawals, reinforcing fears the country is heading for a debt default and a messy exit from the euro.

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BSE benchmark Sensex which crashed by 602 points at one stage on Monday staged a partial recovery to end with a loss of 167 points at 27,645.15 even as Greece looked set to default on its debt repayment this week, sparking concerns about foreign selling in emerging markets. The market recouped some losses in later half on selective buying in the beaten-down counters to settle the day at 27,645.15.

Greece, Greece banks, Greece banks closure, Greece protests, Greece economy, Greece ATM limits, Greece limits withdrawals, Greece ATM withdrawals, Greece banks shut, European central bank, Greece loans, economy Greece, europe news, economy news, world news, indian express news Stocks with European exposure decline

Falling for the second straight day, the Sensex resumed lower and dropped by 602.65 points or 2.17 per cent to 27,209.19, but recovered afterwards to 27,695.32 before ending at 27,645.15, showing a loss of 0.60 per cent. NSE Nifty, after dipping below the 8,200-point mark, recovered most of losses to close 62.70 points or 0.75 per cent down at 8,318.40. Rupee also depreciated by 20 paise to close at at 63.84.

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