Just in: Finance Secretary Rajiv Mehrishi says the Greece situation does not affect India directly, but indirect impact will be felt because of the Euro. He said the govt is in touch with the RBI to deal with the impact of the Greece situation.


Greece and its international creditors yet again failed to sign a truce to avert a default, causing panic across Asian markets. The markets continue to remain under immense selling pressure in morning trades as panic spread across the Asian markets over Greece default. However, amid this pressure, Nifty has managed to hold on to its crucial 8,200 mark.


Not just India, world over, stock markets tumbled as the Greece crises deepened. Share prices slumped after Athens ordered banks shut until after Sundays snap referendum, with stock exchange closed on Monday and ATM withdrawals limited to Euro 60.