Markets likely to react to Grexit fears

Markets are likely to open on a lower note after Greece voted decisively against the terms of a eurozone bailout deal raising the fear of Grexit from the Euro zone. Meanwhile, weakness among the Asian peers is likely to weigh on the indices.

The movement of Rupee and crude oil is likely to dictate the trend on the bourses later during the session.

STOCKS ON THE RADAR

Tata Motors aims to to add half of the planned new 1,000-plus outlets over the next four years in tier-III and tier-IV towns.

Maruti Suzuki India is set to establish a new setup of retail outlets under Nexa brand to sell premium products starting with its upcoming S-Cross model.

Realty major Mahindra Lifespaces plans to set up residential projects in states like Andhra Pradesh, Rajasthan, Madhya Pradesh under the affordable housing space.

PVR aims to set up as many as 1,000 screens across India by 2018, from the 467 screens that it operates today. 

Fair trade regulator, CCI is in an advanced stage of taking a final decision on cartelisation allegations made against five carriers, including market leaders IndiGo and Jet Airways, with respect to introduction of fuel surcharge for cargo transportation.

Sterlite Technologies will invest up to Rs 400 crore on capacity expansion as it targets a major part of the Rs 72,000-crore BharatNet project.

Life Insurance Corporation may sell as many as 3 crore new policies worth around Rs 31,000 crore this fiscal year.

London-based miner Vedanta Resources plc has proposed a 28 per cent hike in annual bonus to its Chairman Anil Agarwal to 8,97,000 pounds (Rs 8.85 crore) for the 2014-15 fiscal.

The Adani group has signed a memorandum of understanding with the Tamil Nadu government for setting up solar power plants at a cost of Rs 4,536 crore in Ramanathapuram district. 

GLOBAL MARKETS

Asian markets fell 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.

Japan's Nikkei dropped 1.4% while MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.5%. However, bucking the trend China’s Shanghai Composite gained 5% after the stimulus measures in Beijing over the weekend restored the confidence of investors.