All the 30-Sensex firms were trading in the red. File (Image for representational purpose only)
| Photo Credit: ANI
Equity benchmark indices Sensex and Nifty fell sharply by over 2% during the fag-end of the trade on Wednesday (July 8, 2026) amid reports that the U.S. President Donald Trump said the interim agreement with Iran is over, leading to a sharp rally in crude oil prices.
The 30-share BSE Sensex tanked 1,722.99 points, or 2.20%, to 76,457.73 in intraday trade. The 50-share NSE Nifty tumbled 530.05 points, or 2.17%, to 23,868.65.
All the 30-Sensex firms were trading in the red. InterGlobe Aviation, Maruti, Hindustan Unilever, UltraTech Cement, Bajaj Finance and Mahindra & Mahindra were major laggards.
Brent crude, the global oil benchmark, jumped 6.19% higher at $78.75 per barrel.
U.S. President Donald Trump on Wednesday (July 8, 2026) said the interim agreement with Iran was “over” but he would allow talks to continue. That raised concerns that the wider conflict in the Middle East could resume — and oil prices shot up.
In Asian markets, South Korea’s Kospi tumbled 5.35%, Japan’s Nikkei 225 index declined 2.11%, and Shanghai’s SSE Composite index dipped 0.49%. Hong Kong’s Hang Seng index jumped 2.99%.
West Asia War updates on July 8, 2026
U.S. markets ended lower on Tuesday (July 7, 2026).
Foreign Institutional Investors (FIIs) bought equities worth ₹393.19 crore on Tuesday (July 7, 2026), according to exchange data.
On Tuesday (July 7, 2026), fag-end selling dragged the Sensex lower, leading the benchmark to settle 104.35 points, or 0.13%, down at 78,180.72. The Nifty dipped 31.65 points, or 0.13%, to end at 24,398.70.
Published – July 08, 2026 03:04 pm IST
