Sensex tanks 310 points on Greece debt woes

The Sensex fell for second consecutive day to close at 17,380.08, down 310.54 points or 1.76 per cent — the worst since February five. It touched a low of 17,344.58 during the day.
Analysts said stocks across the world took a severe beating, as investor sentiment turned bearish on fears that intensifying Greece debt crisis may spill over to other markets and have implications for the Eurozone’s economic stability.The National Stock Exchange’s 50-share Nifty index too fell 1.75 per cent to settle at 5,215.45 points.

Trading sentiment was also affected by bluechips such as RIL, ICICI Bank, Maruti and Bharti Airtel falling short of Dalal Street’s expectations, brokers said. Among the 30 constituents of Sensex, 25 scrips ended in the red, while five stocks managed to buck the trend and ended in the positive territory.

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