Stock Market Update 8 June 2026: Sensex Crashes Over 700 Pts; Nifty 50 Below 23,150

As the stock markets reopened on Monday after the weekend break, most indices were trading in the red.

At around 9:20 AM, the Sensex was down by around 774 points (1.04%) to trade at 73,469.20. The Nifty 50 was also trading lower by around 241 points (1.03%) at 23,125.40.

Notably, the indices stayed negative last Friday on the back of geopolitical uncertainty. The Sensex ended the day at 74,243.34, down 0.16%. The Nifty 50 stood at 23,366.70, down 0.21%.

How Other Indices Are Performing?

Not just the Sensex and the Nifty 50, but most other Indian indices were in the red during early trading on Monday.

At around 9:27 AM, Bank Nifty was down by 162 points (0.30%) to trade at 54,333.90. The Nifty Financial Services index was also down by around 0.69% to trade at 24,884.25.

Most sectoral indices were also trading lower. Nifty Auto dropped 1.31%, Nifty FMCG dropped 0.67%, Nifty IT dropped 1.82%, and Nifty Metal dropped 1.59%. Nifty Pharma (up 0.52%) and Nifty PSU Bank (up 0.53%) were the only indices trading in the green.

How Are The Stocks Performing?

The overall market breadth was negative during early trading on Monday. Information Technology (IT), realty, metal, and auto shares were the biggest laggards. Pharma, healthcare, and media stocks showed some resistance.

The top gainers on Nifty included Sun Pharma, Apollo Hospitals, Nestle, and Dr Reddys Labs. The top losers were Hindalco, Interglobe Aviation, Bajaj Finance, and Shriram Finance.

What About The Global Markets?

Even the global markets felt heavy selling pressure on Monday:

• S&P 500 futures were little changed as of 11:09 AM Tokyo time.

• Nikkei 225 futures (OSE) fell 4.2%.

• S&P/ASX 200 futures fell 1.4%.

• Japan’s Topix fell 2.7%.

• Hong Kong’s Hang Seng fell 1.3%.

• The Shanghai Composite fell 1%.

• The Euro Stoxx 50 futures fell 1.1%.

Factors Impacting The Markets

• Fading US-Iran Peace Hopes: The hopes of a peace deal between the two war-stricken countries have faded sharply. Hezbollah and Tehran vowed further responses and Israel has also warned of fresh attacks.

• Spike in Oil Prices: Global oil prices spiked sharply after fresh hostilities in the Middle East. On Monday, Brent crude futures rose 3.5% to $96.5 per barrel.

• Sharp Sell-Off in Asian Markets: Most Asian markets witnessed sharp sell-offs as they reopened on Monday. Investors are fearing further decline due to the Middle East war and rising oil prices.

• Rupee Opens Lower: The Indian National Rupee (INR) opened 35 paise lower on Monday at 95.31 per US dollar. The previous close was at 94.94.

Also Read - Stocks To Watch On 8 June 2026: HG Infra Engineering, Adani Enterprises, Adani Energy Solutions & More

Investor Takeaway

The Indian stock markets are experiencing an extremely volatile period. As long as the war between the US and Iran does not come to an end and other geopolitical factors are not aligned, this volatility is likely to continue. Investors should be very careful during this time.

Sources:

The Economic Times

Moneycontrol