Wake up, smell the coffee
Given the efforts to form a government in Greece aren’t making any headway and the odds of Greece leaving the eurozone have increased with the attendant risks of an increased debt crisis in Europe, it was obvious global markets would crash, as would the Sensex. While Asian shares fell 3%, the biggest one-day drop in six months, the Sensex fell 1.83%—this, though, is not the Sensex’s sharpest fall this year; it fell 2.16% on May 4. And the rupee fell to an all-time low of 54.50 to the dollar.