Sensex down by 333 points

The BSE benchmark sensex was down by 333 points in early trade on Monday on all-round selling pressure from operators and investors as asian shares slumped amid rising fears of a Greek sovereign default and worries over China's financial health. The BSE benchmark sensex resumed lower at 16.255.97 points and dropped further to 16,088.98 before quoting at 16,121.21 1015 hours, a net loss of 332.55 points, or 2.02%, from last weekend's close. The stock market is likely to move in a narrow range this festive week, ahead of second quarter earnings' report card from India Inc. Participation is likely to remain los, and the market is closed on thusday due to Dussehra. Government's sudden borrowing programme has not gone down well with the market participants. To meet its expendititure in the second half of the fiscal, the Centre had decided to borrow an additional Rs.52,800 crore from the market, over and above the Rs.4.17 lakh crore estimated earlier. The Bombay Stock Exchange benchmark sensex continued to trade lower by over 270 points at the pre-close session today on sustained selling by funds and retail investors due to weak global cues. Stock markets worldwide were hit by news that Greece would not be able to contain deficit despite 30,000 job cuts.