Sensex tumbles 535 points in opening trade

Mumbai, June-29 The benchmark BSE Sensex tanked over 535 points and the NSE Nifty slid below the 8,300 mark in opening trade on Monday on across-the-board selling by participants.

A weak trend at other Asian markets was the main trigger for the plunge as investor sentiment was dampened by fears of a possible Greece default. The 30-share gauge, which had lost 84.13 points in the previous session, hurtled down 535.87 points, or 1.92 per cent, to 27,275.97.

Brokers said widespread selling by investors as well as funds, in line with a global sell-off on fears that Greece may default on a debt repayment and crash out of the euro zone, which affected the whole Asian market.

Source: TOI