Black Monday: Indian Stock Markets tumbles on fresh fears of Greece default

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The Greece government on Friday stated that it would miss the deficit target for 2011 and 2012. The Markets across the globe reacted negatively and most of the major asian markets ended in the red. Back here in India, BSE Sensex shed more than 300 points to close at 16,151.45 levels.

From the financial space, ICICI Bank plunged 4%. SBI, HDFC Bank, Axis Bank, Kotak Mahindra Bank and PNB were down 2-3%. HDFC fell 1%.

DLF was the biggest loser on Nifty, falling over 8%. SAIL, Tata Steel, Sterlite Industries, Hindalco and JPSL crashed 4-6%.

Among other largecaps like Infosys, ITC, NTPC, Wipro, BHEL and HUL also slipped 2-3%.

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