Sensex opens 500 points down on Greek worries

June 29, 2015 09:38

Markets have kick-started the week in the red tracking cues from the Asian peers after Greek debt crisis worsened and Greece's exit from the Euro Zone seemed inevitable.

Over the weekend, Greece and its international creditors yet again failed to sign a truce to avert a default. The Greek drama is likely to dictate the trend on the bourses this week.

At the opening bell, the Sensex dropped 520 points or 1.8% at 27,292 levels while Nifty was at 8,222 levels, shedding 160 points or 1.82% The barometer BSE Sensex had declined by 84 points or 0.3% to settle at 27,811 on Friday.

However, the index had surged by 495 points or 1.8% in the week ended June 27. The rupee opened at 63.84, depreciating by 20 paise against its previous close of 63.64

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