Live: Sensex Falls Over 300 Points as Greece Votes Against Austerity Measures

Sharemasterindia.com 9:30 a.m.: The broader markets were also reeling under selling pressure. The BSE mid-cap and small-cap indices fell 1 per cent each. From the mid-cap basket of stocks, Bharat Forge, JSW Energy, Motherson Sumi Systems, Union Bank, GMR Infra, Reliance Infra and BEL were among the top losers.

9:20 a.m.: The Sensex fell 300 points to hit intraday low of 27,777 and the Nifty fell close to 8,400 levels on the back of broad-based selling in the Indian markets after Greece voted against the austerity measures proposed by its creditors raising fears that it could go out of the Eurozone.
Selling was visible across the sectors. Banking, power, realty, consumer durables, FMCG, IT and metal stocks were among the worst hit in the opening deals.

From the Nifty-50 basket of stocks, 44 scrips were declining while 6 were advancing.

Vedanta, ICICI Bank, Tata Steel, Hindalco, Tech Mahindra, NMDC, BHEL and SBI were among the top losers, down over 2 per cent each.

9:08 a.m.: The Sensex falls 236 points to 27,857 and Nifty slips 99 points to 8,385 in the pre-market session.

9:00 a.m.: Rupee opens lower at 63.62 per dollar against Friday's close of 63.44.

8:50 a.m.: The Asian markets are witnessing massive cuts. The Hang Seng slumped 3.15 per cent, Japan's Nikkei fell 1.6 per cent, Taiwan Weighted was down 0.8 per cent and Straits Times also fell 0.8 per cent. The SGX Nifty was also down 0.84 per cent.

8:45 a.m.: CLSA has maintained its buy call on Tata Motors for target price of Rs 600 per share. CLSA says that reviving volumes is a priority now for the company and JLR has cut prices of locally produced Evoque in China. Prices have been cut by 5-11 per cent.

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