MARKET UPDATES

*INDIA SAYS MARKETS NOT REACTING VERY KINDLY TO GREECE PROBLEM
*INDIA FINANCE SECRETARY COMMENTS ON GREECE
*INDIA EXPECTS THINGS TO SETTLE DOWN IN A DAY OR 2 ON GREECE
*INDIA SAYS IT'S NOT EXPECTING MAJOR IMPACT FROM GREECE CRISIS
*INDIA GOVT WILL ACT AS GREECE SITUATION UNFOLDS: FIN. SECRETARY
*INDIA WILL TRY TO BOOST EXPORTS, FINANCE SECRETARY SAYS

*INDIA'S VIX INDEX JUMPS 12.4%, MOST SINCE MAY 6

*GREECE MAY IMPACT INDIA IN `SHORT-TERM,' AMBIT'S HOLLAND SAYS
*AMBIT INVESTMENT ADVISORS CEO ANDREW HOLLAND COMMENTS IN E-MAIL
*FALL IN INDIA STOCKS IS A BUYING OPPORTUNITY, HOLLAND SAYS
*INDIA'S RUPEE MAY FALL UP TO 65/DOLLAR ON GREECE, HOLLAND SAYS
Here are the stocks that may face the Greece heat;

Bharat Forge

Derives 25 percent of revenues from export to Europe and hence will be impacted by a weaker euro.

Motherson Sumi

Derives 80 percent of revenues from its subsidiaries that are based in Europe

While consolidating financials, the weaker euro will impact Motherson's earnings in rupee terms

Cox & Kings

Negative primarily due to translational impact

65 percent of the EBITDA comes from UK travel and education business

Havells

Primarily translation impact due to Sylvania operations

Impact on earnings however not likely to be meaningful due to lower profitability in overseas business

HCL Tech

33 percent of direct revenues from Europe

IT Services and Health Care companies are net exporters to Europe

There will be adverse translational revenue impact for companies