European stock markets settled sharply lower on Monday after Greece 'no' vote in Sunday's referendum.

Europe's leading Blue-chip index, EURO STOXX 50 plunged 76.56 points or 2.28 percent to settle at 3,365.20. UK's benchmark index FTSE 100 fell 94.79 points or 1.45 percent to close at 6,535.68.

While Germany's benchmark index DAX lost 167.76 points or 1.52 percent to end at 10,890.63. French benchmark index CAC 40 plunged 96.68 points or 2.01 percent to end at 4,711.54.