Indian share markets fell sharply today (July 8 2026)

Indian share markets fell sharply today (July 8 2026) as global tensions and surging crude prices rattled investors — the Sensex plunged over 1,800 points to 76,359 and the Nifty 50 dropped 556 points to 23,842. Bank, FMCG, and IT stocks led the decline, while

and Kalyan Jewellers bucked the trend with gains. 📉 Market Overview — July 8 2026 Index Latest Level Change % Change Sensex 76,359.53 −1,821.19 −2.32 % Nifty 50 23,842.20 −556.50 −2.28 % Nifty Bank 56,710.75 −1,480 pts −2.56 % Nifty IT 27,519.70 −1.50 % — Nifty Auto 26,723.40 −2.27 % — Brent crude hovered near USD 72.29 per barrel, up ~6 % after renewed hostilities in the Gulf region. Rising oil prices threaten India’s import bill and inflation outlook, prompting risk‑off sentiment across Asia. 🔍 Key Drivers Behind Today’s Fall Global Geopolitical Shock: U.S. President Trump declared the Iran ceasefire “over,” triggering a spike in crude and global equity sell‑offs. Weak Global Cues: Wall Street and Asian markets closed lower amid semiconductor and tech stock routs. Profit‑Booking: After a strong four‑day rally last week, traders booked profits ahead of Q1 FY27 results. Rupee Pressure: The INR slipped to 95.58/USD, weighed by higher oil and foreign outflows. Bond Yields Rising: Indian and global bond yields climbed as investors priced in inflation risk. 🏆 Top Gainers Stock Change Reason Sun Pharma +1.02 % Defensive buying; hit new 52‑week high Kalyan Jewellers +4.87 % Strong Q1 update; 38 % revenue growth Ami Organics +2.32 % Chemical sector resilience MCX India +2.30 % Derivatives volume surge 🔻 Top Losers Stock Change Sector Impact HDFC Bank −2.5 % Banking index under pressure ITC Ltd. −2.3 % FMCG demand concerns Infosys / Tech Mahindra −1.5 % IT sector correction ahead of TCS results Tata Steel / L&T −1 % to −1.5 % Global slowdown fears