Greek Crisis hits Indian Stock Market

The trading session on Monday, the first day of the week, was not favorable for the investors as the Indian stock markets were seen in much volatile. The major reason for the volatile and bearish nature of trading was Greek crisis.

The Sensex of Bombay stock exchange was ended 166 points down and in intra-day trading the index was seen diving by 560 points. The weak global sentiments had weighed high on Indian stock market yesterday.

Greece Prime Minister declared Bank holiday, shutdown of banks for a week, as per recommendations made by the Central Bank of Greece. This move rattled investors across the world, but the Indian stock market fell heavily in the intra-day trading. It was the bankex that suffered most loss due the impact of Greek crisis or bank holiday in Greece.