The Indian markets opened lower, following Greece concerns and sharp fall in rupee. Former Greek Prime Minister Lucas Papademos said preparations for the country's exit from the euro zone are being considered. He further said that such a move is unlikely to materialize but the risk is real.The BSE benchmark was down 57 points to 15970 and the NSE benchmark fell 18 points to 4842. Except PSU, all the sectoral indices on BSE were trading in the negative. Consumer Durables, Auto and FMCG posted maximum declines with over half a percentage losses. The market breadth was negative and two stocks were seen advancing against every three declines.
(Pic. Source- bseindia.com)
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