The S&P BSE Bankex, Realty, Capital Goods and Auto indices dropped by 2.09% to 2.85% at 10:30 IST on BSE, underperforming the Sensex.
Meanwhile, the S&P BSE Sensex was down 464.49 points or 1.67% to 27,347.35.
All twelve sectoral indices on BSE were in the red. The S&P BSE Bankex (down 2.53%), the S&P BSE Realty index (down 2.85%), the S&P BSE Capital Goods index (down 2.24%), the S&P BSE Consumer Durables index (down 2.09%), the S&P BSE Auto index (down 2.21%), the S&P BSE Metal index (down 1.88%), the S&P BSE Power index (down 1.86%), and the S&P BSE Healthcare index (down 2.02%) underperformed the Sensex. The S&P BSE Oil & Gas index (down 0.88%), the S&P BSE IT index (down 1.52%), the S&P BSE FMCG index (down 0.39%), and the S&P BSE Teck index (down 1.43%) outperformed the Sensex.
Asian shares along with Indian stocks witnessed a steep slide today, 29 June 2015, as investors brace for an increasingly likely Greek exit from the eurozone. Greece looked set to default on its debt repayment this week, sparking concerns about foreign selling in emerging markets.
Greece reportedly closed its banks and imposed capital controls on Sunday, 28 June 2015, to check the growing strains on its crippled financial system, bringing the prospect of being forced out of the euro into plain sight. After bailout talks between the Left-wing government and foreign lenders broke down at the weekend, the European Central Bank froze vital funding support to Greece's banks, leaving Athens with little choice but to shut down the system to keep the banks from collapsing. Banks will be closed and the stock market shut all week, and there will be a daily 60 euro limit on cash withdrawals from cash machines, which will reopen tomorrow, 30 June 2015. Capital controls are likely to last for many months at least.
Greece needs a deal to unlock new financing ahead of a 1.54 billion euro ($1.75 billion) debt payment due to the International Monetary Fund (IMF) tomorrow, 30 June 2015. On the same day, Greece's international bailout expires. A default on its international creditors-the IMF and other eurozone governments-could force Greece into a messy exit from the euro.
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