Pre Session: Market seen opening lower as Greece default looms
29/06/2015
The Indian equities likely to see a gap down opening on Monday in line with Asian peers as fear of Greece defaults spooked investors, prompting them to move towards more safer assets. All the Asian stocks were bleeding in red with Japan’s Nikkei 225 losing nearly 2 per cent followed by China’s Shanghai Composite and Hang Seng, down 0.69 and 1.97 per cent, respectively. Meanwhile, US equities ended on mixed note on Friday as investors digested earnings reports and awaited resolution on the Greece. Back home, a negative opening of the SGX CNX Nifty Index futures indicates a bearish opening for domestic bourses. Market experts opined that ongoing crisis in Greece economy may weigh on investors sentiment. In a fresh development over weekend, Greece plans to close its banks Monday after Prime Minister Alexis Tsipras’ decision to call a 5 July referendum on the proposed bailout package spurred savers to start withdrawing money at the weekend.
It was a freaky Friday on Dalal-Street, as Indian equities signed off week on negative note as benchmark index Sensex ended 84 points lower as deepening Greece crisis weighed on trader’s sentiments. On the sectoral front, all the sectors faced the heat of selling pressure barring IT and consumer durables sector stocks. The banking stocks were among the top losers after RBI’s stress tests revealed that private banks are likely to see a significant jump in bad loans.
29/06/2015
The Indian equities likely to see a gap down opening on Monday in line with Asian peers as fear of Greece defaults spooked investors, prompting them to move towards more safer assets. All the Asian stocks were bleeding in red with Japan’s Nikkei 225 losing nearly 2 per cent followed by China’s Shanghai Composite and Hang Seng, down 0.69 and 1.97 per cent, respectively. Meanwhile, US equities ended on mixed note on Friday as investors digested earnings reports and awaited resolution on the Greece. Back home, a negative opening of the SGX CNX Nifty Index futures indicates a bearish opening for domestic bourses. Market experts opined that ongoing crisis in Greece economy may weigh on investors sentiment. In a fresh development over weekend, Greece plans to close its banks Monday after Prime Minister Alexis Tsipras’ decision to call a 5 July referendum on the proposed bailout package spurred savers to start withdrawing money at the weekend.
It was a freaky Friday on Dalal-Street, as Indian equities signed off week on negative note as benchmark index Sensex ended 84 points lower as deepening Greece crisis weighed on trader’s sentiments. On the sectoral front, all the sectors faced the heat of selling pressure barring IT and consumer durables sector stocks. The banking stocks were among the top losers after RBI’s stress tests revealed that private banks are likely to see a significant jump in bad loans.
