BSE Sensex, NSE Nifty to open on cautious note taking its cue from Asian markets, most of which fell on Monday as investors reacted to Greece’s sound rejection of terms set by its international creditors, deepening uncertainties over its status as a member of the 19-nation eurozone. But Chinese shares rebounded after heavy losses last week.
Other factors that would guide market this week would be first quarter earnings of IT major Tata Consultancy Services (TCS) that will be announced on coming Thursday, Index of Industrial Production (IIP) data for May that is due on Friday and progress of monsoon.
Even as India Meteorological Department predicted deficient rainfall in July, Skymet, a private weather agency, last week stuck to its forecast of “normal” monsoon in the month.
For the past week, the benchmark BSE Sensex rose by 280.95 points to 28,092.79.
World market:
TOKYO: Japan’s Nikkei share average fell on Monday, with financial stocks and exporters leading the declines, after Greeks overwhelmingly rejected austerity measures demanded in return for bailout money, throwing the euro zone into turmoil.
The Nikkei share average was down 1.4 percent at 20,242.79 by mid-morning, after falling to as low as 20,195.76 earlier.
HONG KONG: Hang Seng Index down 1.6 percent.
LONDON: Britain’s blue-chip share index marked its biggest weekly drop in a month on Friday, with miners slipping on a slowdown in China and banks falling after Brazil said it was investigating some global lenders’ currency market activity.
The index fell broadly in line with shares across Europe before a Greek referendum on Sunday on its debt terms that may decide the country’s future in Europe.
NEW YORK: US stocks fell slightly on Thursday after the International Monetary Fund warned Greece ahead of its Sunday referendum that it faces a huge financial hole, and mixed jobs data dampened the US economic outlook.
While the IMF was warning that Greece needed an extra 50 billion euros over the next three years to stay afloat, Greek Prime Minister Alexis Tsipras was urging voters to reject a bailout offer from lenders and saying he hoped to sign a new deal on Monday.
AUSTRALIA: Australian shares slipped 1.12 percent on Monday as market uncertainty arising from the Greek public’s rejection of austerity measures for a bailout created broad-based losses.
The S&P/ASX 200 index fell 62.091 points to 5,476.200 by 0153 GMT. The benchmark dropped 1.1 percent on Friday.
SOUTH KOREA: South Korean shares slid on Monday and the won fell to a near four-month low per dollar after Greeks voted to reject terms of austerity measures demanded in return for a bailout.