The market fell nearly 2 percent, dragged by panic
selling on fears of Greece default. All sectoral indices are trading in the
red; banks, auto & Reliance Industries are the biggest contributors to the
Sensex's fall. However, BPCL bucked the trend, up 0.8 percent.
The Sensex slipped 505.66 points or 1.82 percent to
27306.18 and the Nifty lost 156.85 points or 1.87 percent to 8224.25. About 278
shares have advanced, 1449 shares declined, and 92 shares are unchanged on the
BSE.
Rakesh Arora, Macquarie said India's market has
taken solace in a strong start to the monsoon. The impasse in Greece is a good
opportunity to buy into the market as it consolidates before the next leg up,
he added.
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