Euro crisis does not seem to settle down. After Greece bailing out it seems that Spain and Italy could very well follow the league. Weak global cues about the European debt crisis and IIP data for May provoked selling. Bond yields rose in Italy and Spain alerting the risk in debt bonds.

30-share BSE lost more than cumulative 650 points in just matter of three days. The market index settled at 18,411 points with a loss of 310 points. 50-share NSE Nifty shed 90 points to settle for 5526.

Capital goods and consumer durables stocks fell by 2% following the trend of slow growth set by manufacturing goods in month of May which was consequence of industrial production slowdown to 5.6%.

Software services bellwether Infosys suffered a loss of 5.96% with an indication of possible slowdown in client’s spending.

Only one stock ONGC was trading up on sensex with everything else falling. DLF fell by 4% JP Associates, Reliance Infra and JSPN were down with 2.5 % to 3 %. Total market breadth was on as whole weak as on 14 % of stocks rose in BSE 500.

Dow Jones also fell by 151 points to 12505. All other Asian markets shed points as well.