Impact of Greece Crisis on Indian Market

Greece has kept all financials market on edge, Last Monday 29 June 2015  Financial market around the world  got a shock when Alex Tsipras declared he will hold a referendum asking voters they will reject bail out condition given by creditors, market round the world fell down but Indian Market showed tremendous resilience and bounced back sharply from the low of 8200 and closed the week at the highest point. This was also the week when  Greece Becomes First Developed Country To Default To The IMF

 

Last Sunday Result of Greece Referendum came as shock again Greferendum Results In Landslide "No" Victory: What Happens Next 

 

Market round the world opened with big cuts but again like last Monday Indian Markets are showing great resilience and have recouped most the loss.

 

So lets me discussion the reason for this kind of resilience and road ahead for Indian market.

 

• Chinese Market meltdown

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