Sensex, Nifty likely to feel Greek referendum jitters

Greece has rejected the bailout terms set by the troika including the European Union, the European Commercial Bank (ECB) and its private creditors. Even as the world comes to grips with the situations, the markets have started to react. 

Asian markets were the first ones to open on Monday after the referendum results were declared. Japan's Nikkei 225 is currently trading with a discount of 1.44%. Kospi has lost 27 points since trading began and Singapore's SGC Nifty lost 81.50 points at 8.37 am. 

Hang Seng opened with a deep cut of 3.34% and had lost 841 points in the morning trade. 

Jakarta Composite Index is down 0.6%. 

China's Shanghai Composite Index has moved in the opposite direction with nearly 3% gains. 

The Indian stock markets, namely; Bombay Stock Exchange's Sensex and National Stock Exchange's Nifty are likely to follow the global trends and open amidst a sell-off. 

 With the Greeks saying no to creditors' demands, the future of European Union (EU) and the position of Greece as part of the Eurozone is in question and it is only going to fuel the volatility in global markets.