Good opportunity to buy on impasse in Greece: Macquarie

Rakesh Arora, Macquarie said India's market has taken solace in a strong start to the monsoon. The impasse in Greece is a good opportunity to buy into the market as it consolidates before the next leg up, he added.

According to him, government spending on infrastructure is finally starting to make some impact and whispers are back about a possible interest rate cut in August.

The 30-share BSE Sensex fell 485.27 points or 1.74 percent to 27326.57 and the 50-share NSE Nifty dropped 148.60 points or 1.77 percent to 8232.50 in early trade Monday.