BSE Sensex falls more than 400 points on Greece worry

MUMBAI (Reuters) - The BSE Sensex fell as much as 2.2 percent on Monday as Greece looked set to default on its debt repayment this week, sparking concerns about foreign selling in emerging markets.

Greece closed its banks and imposed capital controls on Sunday to check the growing strains on its crippled financial system, bringing the prospect of being forced out of the euro into plain sight.

The 50-share Nifty fell 1.75 percent at 12:48 p.m., while the BSE Sensex was also down 1.69 percent.