Major losers on the Indian bourses were banks led by State Bank of India, HDFC Bank, Bank of Baroda, ICICI Bank, Punjab National Bank, among others.
The falling out between European Union (EU) and Greece over the loan repayments has impacted global stock markets, including India.
The Bombay Stock Exchange's Sensex and the National Stock Exchange's Nifty opened deep in red and were down 1.75% and 1.85%, respectively during opening trades on Monday.
Sensex lost 487 points in the opening trade and the Nifty was down 156 points.
Latest updates:
14:54 IST Monday, 29 June 2015
The volatility in the Indian stock markets continue with Bombay Stock Exchange's Sensex trading at 27,578, down 229 points. National Stock Exchange's Nifty is trading at 8303, down 77.5 points.
14:25 IST Monday, 29 June 2015
Indian stock markets have largely recovered from their losses this morning. Sensex is now trading 160 points down and Nifty is only 57 points below its closing price on Friday. There are 10 stocks that are trading in green on the Nifty50 including BPCL, Hindustan Unlever, NTPC, Bajaj Auto and ITC. TechMahindra has lost 7.7% on the Nifty after the company gave a weak guidance on the revenue front. The European markets, however, continue to bleed.
13:30 IST Monday, 29 June 2015
CNX Nifty is trading at 8258 points, down 122 points or -1.46%. 5 stocks are in the green on Nifty50. As fas as BSE Sensex goes, it is now down 1.36% or 378 points. The markets are off day's lows.
12:57 IST Monday, 29 June 2015
European markets open in red. Germany's DAX is trading at a loss of 4.24%, France's CAC at -4.23% and FTSE is currently at -2.14%. Meanwhile, some recovery in the Indian markets. Nifty is now trading at 8234, down 146 points (-1.75%) and BSE Sensex is down by 470 points, or -1.69%. Both are off day's lows of over 2% cuts.
12:23 IST Monday, 29 June 2015
Finance Secretary says that Greece conundrum doesn't impact India directly. BSE Sensex is currently trading down 530 points with 151 advances and 1780 stocks in decline. NSE's Nifty is trading 165 points down.
12:07 IST Monday, 29 June 2015
European markets are showing cracks. DAX futures is down 4.8%, CAC Futures and FTSE Futures are down 5.2% and 2.46%, respectively.
12:01 IST Monday, 29 June 2015
Germany bond yields crack. 10-year yields down 18.8%, at 0.75.
11:34 IST Monday, 29 June 2015
Some positive comments coming in from the European Union Commissioner. Says that efforts are still on to keep Greece in the Eurozone. Reuters reports EU Commissioner saying that Greece still has chance to take up Eurozone and IMF's offer.
11:27 IST Monday, 29 June 2015
India Volatility Index (VIX) is up 15.35% today, at 18.18 points. It opened at 15.76 on Monday morning and touched a high of 18.77. VIX is a measure of market's expectations of volatility over the near term.
11:22 IST Monday, 29 June 2015
Small caps are taking the maximum brunt of the Greek crisis on Indian stock markets. CNX SmallCap is currently down nearly 3% and BSE SmallCap is trading at a loss of 2.43%. meanwhile, our analysis on the road ahead for Greece Is Grexit imminent? Read here.
11:17 IST Monday, 29 June 2015
BPCL is the only one in green on CNX Nifty50. Currently trading up by 0.77%. Hindalco has lost nearly 5% followed by SBI, ICICI Bank and HCL Tech. BSE Sensex is trading with a deep cut of over 2% with BSE SmallCap losing maximum value (-2.43%).
11:10 IST Monday, 29 June 2015
CNBC TV 18 reports that India's chief economic advisor Arvind Subramanian says that India is behaving in-line with rest of the world. He made these comments with respect to the sell-offs in the stock markets due to the Greek crisis.
11:04 IST Monday, 29 June 2015
L&T reports that the company has won order worth Rs 2035 crore. The stock is currently trading at a loss of Rs 41.15 (-2.31%) on the BSE Sensex.
11:00 IST Monday, 29 June 2015
Sensex extends losses. Is now down over 583 points. Trading at 27,227 points. Nifty is at 8201 points, down 179 points.
10:54 IST Monday, 29 June 2015
Gold has once again become the safe haven for investors with global markets being volatile. News agency PTI reports, "Gold futures traded Rs 270 higher at Rs 26,794 per 10 grams as speculators built up fresh bets."
10:51 IST Monday, 29 June 2015
Market capitalisation of BSE has fallen below Rs 100 lakh crore today. Currently it is Rs 99.79 lakh crore. BSE has lost over 500 points.
10:45 IST Monday, 29 June 2015
Brent crude is currently trading at $62.51, down 1.19% and WTI crude oil is at $58.77, down 1.44%.
10:42 IST Monday, 29 June 2015
Singapore's SGX Nifty is trading with a loss of nearly 1.7%.
10:40 IST Monday, 29 June 2015
Top losers on the BSE are Cox & Kings at -7.73%, SREI Infra at 6.08%, Bharat Forge at 5.54%, HCC at 5.21% and PMC FinCorp at 4.97%.
10:38 IST Monday, 29 June 2015
Gainers on the BSE include Nestle India (1.63%), KPIT (1.98%), Religare (3.99%) and Bharti Infratel (3.6%).
10:33 IST Monday, 29 June 2015
Only 2 advances on the CNX Nifty and 48 declines. The two shares trading in positive are BPCL (1.19%) and bajaj Auto (0.25%). The big losers at the time include HCL Tech (2.75%), DR Reddy's (2.75%), Tata Motors (2.86%), State Bank of India (2.94%) and Hindalco (3.12%).
10:32 IST Monday, 29 June 2015
What are the likely political scenarios for Greece? Read here.
10:29 IST Monday, 29 June 2015
Meanwhile, everything you must know about the Greek problem that has spooked the Indian and global markets. Read here.
10:27 IST Monday, 29 June 2015
Nifty MidCap is currently down nearly 2.5% with Union Bank, GMR Infra, Unitech and Jain Irrigation down over 4%.
10:24 IST Monday, 29 June 2015
CNX FMCG is holding the fort at the Nifty with a cut of only 0.77%. Dabur, GOdrej Consumer Products and GSK Consumer Healthcare are trading in green with 0.82%, 0.74% and 0.21% respectively.
10:20 IST Monday, 29 June 2015
Rupee has recovered and is trading with a loss of 20 paise against the dollar. It is currently at 63.83. Firmly above the psychological level of 64-mark.
10:17 IST Monday, 29 June 2015
Bank Nifty on the National Stock Exchange has lost 2.5% of its value, at 17,921 points. It is down 450 points. Top losers are State Bank of India (3.05%), Bank of India (2.74%), HDFC Bank (2.67%) and ICICI Bank (2.52%).
10:14 IST Monday, 29 June 2015
S&P BSE SmallCap is the biggest loser with a cut of 2.18%, followed by S&P BSE MidCap at 1.97%. S&P BSE 200, S&P BSE 100 and S&P BSE Sensex are down 1.73%, 1.73% and 1.69%, respectively.
10:11 IST Monday, 29 June 2015
The finance secretary is quoted as saying on CNBC TV18 that India is not directly impacted by the Greece drama. He says that things are expected to settle down in a day or two.
10:07 IST Monday, 29 June 2015
Sensex is still trading at a loss of 478 points and Nifty is trading at 8229.4o points, down 151 points.
Today morning and the weekend:
Major losers on the Indian bourses were banks led by State Bank of India, HDFC Bank, Bank of Baroda, ICICI Bank, Punjab National Bank, among others.
Bank Nifty was down over 2.5%.
Tata Motors and Hindalco were among other major losers.
Panic in global investors were palpable as Greece bailout crisis spun out of control with the country applying capital controls and shutting down banks.
Queues were seen late night outside ATMs in Greece as citizens tried to withdraw money.
The Euro lost 2% of its value and stock markets across Asia fell.
US stock futures also dived 2% but recovered a bit later on.
Japan's Nikkei fell over 2%.
Chinese stock markets were relatively stable as central bank cut interest rates to calm nerves.
The global stock market meltdown of Monday can be attributed to investors seeking safe havens for their money
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