Listen In: It's back to square one for markets!

The US markets finished near lows in volatile trading as investors digested a handful of headlines from Greece. The CBOE volatility index surged more than 15% to end near 35.

The pace of growth in the manufacturing sector unexpectedly slowed in October, its index of national factory activity dipped to 50.8 from 51.6 the month before. And US Construction spending rose only slightly in September

Fitch ratings states that the Greek prime minister George Papandreou's decision to put the latest European Union bailout to a public referendum has increased the risk of a forced and disorderly sovereign default, and even the risk of a Greek exit from the euro.

Onto some stock specific action

Finance ministry may ask for additional 14,000 crore rupees for bank recapitalization -- SBI may get upto Rs 7,000 crore...Syndicate Bank, Bank of India and Indian Bank will also get a piece of the pie.

From cement space-- Ambuja Cements reported numbers that were largely in-line with what the street expected. The company saw a 15% growth in profit boosted by other income as a result of healthy cash and bank balance

In monthly auto sales, Hero Moto's growth moderated due to high base and fewer production days in October though retail sales have been strong at 650,000 units.

In earnings to watch--Andhra Bank, Karur Vyasa Bank & L&T Finance Holdings will be reporting their numbers today.

Hear moneycontrol.com's Sagar Salvi and Shishir Asthana, Investment Editor, firstpost.com, discuss the markets. Click HERE