India's markets fell 2 per cent, while the BSE Sensex was also down 1.9 per cent
The Bombay Stock Exchange
Mumbai: India's stock markets fell nearly 2 per cent on Monday and bond yields rose as Greece looked set to default on its debt repayment this week, sparking concerns about foreign selling in emerging markets. Greece closed its banks and imposed capital controls on Sunday to check the growing strains on its crippled financial system, bringing the prospect of being forced out of the euro into plain sight.
The Nifty fell 1.9 per cent at 9:15 am, while the BSE Sensex was also down 1.9 per cent. The benchmark 10-year bond yield was up 3 basis points at 7.85 per cent, while the rupee was trading at 63.90 compared to its 63.64/65 close on Friday.
( Source : reuters )
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