Markets weaker after Greeks vote against austerity measures

Mumbai, July 06 (ANI): India’s stock markets extended losses on Monday (July 06) after Greeks overwhelmingly rejected conditions of a rescue package from creditors, raising fears foreign investors would ride out the uncertainty by paring down riskier holdings in emerging markets. The resounding ‘no’ vote threw the future of Greece’s euro zone membership into further doubt and deepened a standoff with lenders. Bombay Stock Exchange (BSE) Sensex was down 0.75 percent or 209.33 points while the broader Nifty was 0.66 percent or 56.30 points lower on Monday morning. Market Expert Sunil Shah attributed the fall in stock markets to the Greek crisis.

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