Market Opens down on Greece worries: 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 rupee opened at 63.84, depreciating by 20 paise against its previous close of 63.64. Meanwhile, Greek banks and stock exchange would be shut on Monday.