Benchmark indices Sensex and Nifty slumped on Monday (June 8, 2026), tracking a sharp decline in global equities and a fresh spike in crude oil prices, amid flaring tensions in West Asia.
Extending losses for the second straight session, the 30-share BSE Sensex tumbled 719.08 points, or 0.97%, to settle at 73,524.26. During the day, it dived 924.4 points, or 1.24%, to 73,318.94.
The 50-share NSE Nifty settled 243.70 points, or 1.04%, lower at 23,123. In intra-day trade, the benchmark lost 296.55 points, or 1.26%, to 23,070.15.
Among the Sensex constituents, Eternal, Mahindra & Mahindra, Trent, InterGlobe Aviation, Reliance Industries and Tata Consultancy Services were among the biggest laggards.
Power Grid, Tech Mahindra, Bharat Electronics, and Bharti Airtel were among the winners. Brent crude, the global oil benchmark, jumped 4.10% to $96.91 per barrel.
In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index, and Hong Kong’s Hang Seng ended significantly lower. The Kospi plunged 8.29%, while the Nikkei 225 index dropped 3.85%.
Markets in Europe were trading in the negative territory. U.S. markets ended sharply lower on Friday (June 5). The Nasdaq Composite tanked 4.18%, while the S&P 500 dropped 2.64% and the Dow Jones Industrial Average declined 1.35%.
“Global sentiment has weakened amid a flare-up of tensions in West Asia, pushing crude towards $100/bbl. Simultaneously, global technology stocks have witnessed a sell-off, as investors begin to question the sustainability of the AI-led rally. Selling pressure was also seen in semiconductor-heavy indices, showing early signs of valuation fatigue and positioning unwind, although it is premature to classify this as a trend reversal,” Vinod Nair, Head of Research, Geojit Investments Limited, said.
Meanwhile, Foreign Institutional Investors (FIIs) offloaded equities worth ₹8,776.25 crore on Friday (June 5), according to exchange data.
“Global markets broadly traded in the red after Israel and Iran exchanged missile strikes for the first time since the ceasefire announcement, raising concerns that recent diplomatic progress could quickly unravel.
“The renewed escalation, which came despite calls for restraint from the United States, heightened fears of a prolonged regional conflict and a further disruption to global energy supplies,” Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said.
At the same time, signs of fatigue in the global AI and technology rally added to investor caution, he added. On Friday (June 5), the Sensex declined 116.67 points, or 0.16%, to settle at 74,243.34. The Nifty dipped 49.85 points, or 0.21%, to end at 23,366.70.
Published – June 08, 2026 05:15 pm IST
