Tracking the global market conditions, the Indian markets traded weak in the beginning of the last week. Sensex falling during the week and selling by foreign investors also added to tension. In the new F&O series, the markets reversed its direction and closed above its 200 DMA on sustained bargained buying.

The Greek government under Prime Minister Alexis Tsipras has no money to make a series of repayments to the IMF that are due beginning June 5, totalling 1.6 billion euros