Brief by Shorts91 Newsdesk / 04:54am on 08 Jun 2026,Monday Business
Indian equity markets opened sharply lower on June 8 as escalating Iran-Israel tensions, surging crude oil prices and weak global cues triggered broad-based selling. The Sensex fell over 800 points while the Nifty slipped more than 1% in early trade. Investor sentiment weakened after Iran launched missiles at Israel following Israeli strikes in Lebanon, pushing Brent crude above $96 per barrel and raising concerns over inflation, economic growth and India’s import bill. Additional pressure came from a sharp selloff in US technology stocks and expectations of prolonged higher US interest rates. Realty, IT, metal and auto stocks led losses, while Sun Pharma emerged as a rare gainer amid market volatility. (PC: India Today)
