Experts suggest domestic factors rather than the Greece crisis would determine the course of the Indian equities.
The S&P BSE Sensex slipped 305 points to end at 25,400 and the Nifty50 dropped 87 points at 7,783.
Metal shares were the top gainers with Hindalco up over 5%.
Index heavyweight RIL surged 3% to end above Rs 1,000 mark while IT majors were also the top gainers.
Those killed include 41 police officers, 47 civilians, 2 soldiers, 104 coup plotters.
India has been eyeing deeper energy ties with Iran and has already lined up $20 billion as investment in oil and gas as well as in petrochemical and fertiliser sectors there.
Modi's visit to some developed countries such as the US, Japan, China and Australia were sprinkled with humongous investment figures. But do we have the wherewithal to absorb such big investments?
'Both Japan and China face a common challenge: How to deal with Trump.' 'The trade war with the US seems to have facilitated/hastened Abe's China visit, the first by a Japanese prime minister since 2011,' points out Dr Rajaram Panda.
In the broader market, BSE midcap and BSE smallcap indices underperformed the larger counterparts and ended flat with a negative bias.
At 11:37 am, the S&P BSE Sensex was up 28 points at 27,037 and the Nifty50 was up 2 points at 8,268
During 2013-14, imports from Japan, South Korea and Malaysia stood at $9.49 billion, $12.47 billion and $9.21 billion respectively.
The upcoming July derivatives expiry later in the week would also add some volatility to the market proceedings.
Hassan Rouhani, a moderate cleric who was a surprise winner in the recent elections, took oath on Sunday as Iran's seventh president at a ceremony attended by a galaxy of world leaders, including Vice President Hamid Ansari, with which he has pledged to expand ties.
India has undertaken a number of structural reforms.
As German makes provisions to accept 800,000 refugees this year, the nation is split vertically on the crisis with refugee shelters attacked with Molotov cocktails and swastika signs painted outside many refugee homes.
'If India maintains the Constitutional set-up that its founders envisaged -- which is that it is a parliamentary democracy, with a broadly speaking market economy, in which all people are equal as everyone votes, in which the rights of minorities are respected -- that will be a great thing.' 'Not just for India. But for humanity.'
'As India progresses and takes an increasingly hardline approach to Pakistani hostility, the young and restless population of Pakistan, sooner than later, will demand 'Gazwa e Hind' (conquest of India),' warns Colonel Anil A Athale (retd).
The better performing states throw up more employment opportunities including at unskilled levels.
Senior journalist Darryl D'Monte reports exclusively for Rediff.com from Paris.
India and the United Kingdom on Thursday announced deals worth 9 billion Pound (Rs 90,550 crore) as they signed a civilian nuclear pact and decided to collaborate in the field of defence and cyber security besides launching a railway rupee bond in London.
The best message the Prime Minister could bring to London is that he will return to India to focus on economic matters. Britain, on its part, should ensure that it addresses matters that concern India, instead of engaging in pomp during his visit, says Adam Roberts.
Rajeev Chandrasekhar discusses five issues pivotal for the success of Digital India
'No private citizen can be prevented from holding or propagating in India or abroad, a view contrary to that of the government of the day. The government, it seems is misreading the mandate in the Lok Sabha as being a mandate to crush dissent. In times when ruling parties have brute majorities in Parliament, the true test of safeguarding democracy is its ability to allow dissenting voices to be heard,' says Indira Jaising, the former additional solicitor general.
Budget should raise revenues & reduce spending to increase capital expenditure.
The soul of India resides in pluralism and tolerance. This plurality of our society has come through assimilation of ideas over centuries. Secularism and inclusion are a matter of faith for us. It is our composite culture which makes us into one nation.
The central government has drafted a law to restrict wombs for hire, and there is much to be said on all sides.
Prime Minister Narendra Modi on Thursday address Members of the British Parliament in London where he promised to open more doors of cooperation between the two countries and delved on issues like terrorism and United Nations reforms.
The Sensex ended at at 27,676, lower by 210 points and the Nifty broke the psychological level of 8,400 to end at 83877 down 70 points.
The user cannot expect his or her privacy to be secured.
The post mandate comments that 'darkness has descended on India' shows the kind of opposition Modi has to overcome. It is this aspirational India that is attempting to throw away shackles of Macualayism. Make no mistake it is a tectonic shift and a beginning of the end of Maculayan mindset that has 'ruled' India for close to 60 years, says Colonel (retd) Anil Athale.
Aditya Birla Money MD talks about liquidity concerns in the market.
Shankar Acharya gives ten predictions on key politico-economic developments in the world and ten for India.
The disappointment of the year is government's failure in finalising the re-drafted aviation policy.
Since multilateral trade creates a stable, peaceful world, normalisation of bilateral trade between India and Pakistan will start a series of peace building measures, especially along the bordering areas of both states which is the worst affected from the on-going conflict, say Riya Sinha and Shehzad Poonawalla.
BSE Realty index zoomed by almost 7% followed by counters like Metal, Oil & Gas, Auto, Banks, Auto, Healthcare and Power, all surging between 1-5%.
Expenditure on health in India is at a global low of 1.2% of GDP.
Finance Minister Arun Jaitley appealed to parties to rise above partisan considerations to support it.
'Modi's campaign has been strikingly devoid of anti-Muslim rhetoric. After the kutta pilla incident, it has been several months since he said something horrible about the Muslims of India. It is the result of democratic constraints. He has to make compromises... He's trying to reinvent himself. He will politically hurt himself if 2002 becomes the definition of Mr Modi again', says political scientist Ashutosh Varshney.
The minister has sought the help of US technology, expertise and innovation to make road safety a priority in India.
'The recent US jobs report has eased fears of a hike in the Fed meeting.'