Mumbai:Â Markets rebound on Monday with Sensex provisionally closing at 133 points higher at 28,226, and Nifty gained 39 points to settle at 8,523.
With the risk of Greece’s exit from the euro zone increasing after voters of the European country rejected the terms of the bailout offer, the Indian government on Monday said it is closely monitoring the situation.
Asian stocks hit a six-month trough and the euro stumbled on Monday after a Greek vote against austerity measures endangered its future in the single currency and raised the risk of a full-blown crisis in the euro zone.
The European markets have also come off the intra-day low levels. Germany’s DAX was down 0.6%, French CAC 40 index was down 0.7% and FTSE 100 slipped 0.3%.
In early trade, Indian shares and bonds fell on Monday 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 30 share Sensex opened the session at 27,897 level, down by 195 points or 0.70%, Â while the 50-share Nifty was at 8,429 level, down by 55 points or 0.66%.
The broader markets are marginally outperforming their larger counterparts with BSE Midcap and Smallcap indices 0.3% down each.
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