📉 Geopolitical Shock Triggers Market Rout; Nifty & Bank Nifty Sink Over 2%

Indian equity markets witnessed a broad-based sell-off on 8 July 2026, with both Nifty and Bank Nifty plunging more than 2% as risk-off sentiment intensified through the second half of the session. Rising crude oil prices and escalating geopolitical tensions weighed heavily on investor confidence. Market pressure accelerated after U.S. President Donald Trump stated that the proposed MoU aimed at ending the Iran conflict was “over” and that he did not intend to engage with Tehran, raising concerns over further instability in the Middle East. The weakness was widespread, with 46 of the 50 Nifty constituents closing in the red.

emerged as the top loser, falling over 5%, while ONGC was among the rare gainers. Oil-sensitive sectors witnessed sharp declines as higher crude prices sparked concerns over inflation, margins, and economic growth. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.