Sensex down 292 points

India's stock markets 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 benchmark BSE Sensex cut initial losses but was still down by 292 points following selling pressure in metal, banking, IT, auto, power and FMCG sectors triggered by weak Asian stocks amid Grexit fears. The Sensex resumed lower at 27,857.20 and hovered in a range of 27,946.68 and 27,774.80 before quoting at 27,800.40 at 11.05am a loss of 292.39 points or 1.04%. The 50-share Nifty fell by 77.40 points or 0.91% to 8,407.50 at 11.05am. Major losers were, Vedanta by 4.42%, Tata Motors (2.84%), Hindalco (2.67%), Tata Steel (2.58%), ICICI Bank (2.21%), SBI (1.75%), Axis Bank (1.65%), BHEL (1.47%), Infosys (1.40%), ONGC (1.31%), Larsen (1.25%), HDFC (1.22%) and Lupin (1.13%), according to a news agency.