Stock markets – BSE Sensex and NSE Nifty – opened lower on the back of negative global cues to mark the new week. This morning Hang Seng has opened lower by 450 points at 19000-points and Taiwan index looked weaker by 88 points at 7490-points.
The concerns over euro zone crisis and fears of Greek default or its exit from the euro zone group of nations continues to grip the markets, keeping markets on edge.
Heavyweight capital goods stocks like BHEL and L&T continue to under-perform the market as both open weaker by 1.5% on the bourses at Rs.1660 and Rs.1582 respectively. After a spectacular session on Friday last week, NTPC looked soft at Rs.171, down by 0.5%.
Tata Motors stock price which had hogged the lime light by surging 13% in last 3 sessions, has opted for a breather, now quoting at Rs.160, down by 1.5%.