BT Opening Bell | Sensex, Nifty open lower as crude price rises on renewed US-Iran attacks
IndiGo, Asian Paints, Reliance Industries, Bajaj Finance and SBI were the top losers today, falling up to 2.80%.
- Jul 8, 2026,
- Updated Jul 8, 2026 9:43 AM IST
The Indian stock market opened lower on Wednesday amid negative global cues. Brent crude prices rose past $75 to a barrel after the US launched 'power strikes' against Iran following a series of attacks by Tehran on commercial ships near the Strait of Hormuz. On Tuesday, crude oil prices were trading below $70 per barrel.
Sensex crashed 565 points to 77615 and Nifty lost 173 pts to 24,227 in early deals today. Among Sensex constituents, IndiGo, Asian Paints, Reliance Industries, Bajaj Finance and SBI were the top losers today, falling up to 2.80%.
Sun Pharma, HCL Tech, Tech Mahindra, PowerGrid, and Infosys were the only gainers rising up to 0.88%. VK Vijayakumar, Chief Investment Strategist, Geojit Investments said, "With the renewed US-Iran tensions and the consequent spike in Brent crude to $76, the market is again back to uncertain territory. How long this would last and what would be its consequences are now in the realm of uncertainty. The market was slowly gaining strength on positive FII activity and improving macro fundamentals. The renewed U.S.- Iran tensions have put a temporary question mark on this positive development. Therefore, investors have to wait and watch the developments."
The Business Today Show at India Today | Every trading day at 9 am | Complete stock market opening action
Catch all the latest updates coming in from the stock markets on The Business Today Show. This is where you will get all the market opening action on the Dalal Street, and what's hot in the corporate and financial world. Every trading day at 9 am - The Business Today Show at India Today.
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Previous session
The Indian market snapped a four-session winning streak as profit booking in the second half of trade and weak cues from Asian markets weighed on investor sentiment. The 30-share BSE Sensex pack fell 104.35 points or 0.13 per cent to settle at 78,180.72, while the NSE Nifty50 index declined 31.65 points or 0.13 per cent to close at 24,398.70.
The Indian stock market opened lower on Wednesday amid negative global cues. Brent crude prices rose past $75 to a barrel after the US launched 'power strikes' against Iran following a series of attacks by Tehran on commercial ships near the Strait of Hormuz. On Tuesday, crude oil prices were trading below $70 per barrel.
Sensex crashed 565 points to 77615 and Nifty lost 173 pts to 24,227 in early deals today. Among Sensex constituents, IndiGo, Asian Paints, Reliance Industries, Bajaj Finance and SBI were the top losers today, falling up to 2.80%.
Sun Pharma, HCL Tech, Tech Mahindra, PowerGrid, and Infosys were the only gainers rising up to 0.88%. VK Vijayakumar, Chief Investment Strategist, Geojit Investments said, "With the renewed US-Iran tensions and the consequent spike in Brent crude to $76, the market is again back to uncertain territory. How long this would last and what would be its consequences are now in the realm of uncertainty. The market was slowly gaining strength on positive FII activity and improving macro fundamentals. The renewed U.S.- Iran tensions have put a temporary question mark on this positive development. Therefore, investors have to wait and watch the developments."
The Business Today Show at India Today | Every trading day at 9 am | Complete stock market opening action
Catch all the latest updates coming in from the stock markets on The Business Today Show. This is where you will get all the market opening action on the Dalal Street, and what's hot in the corporate and financial world. Every trading day at 9 am - The Business Today Show at India Today.
Watch Here:
Previous session
The Indian market snapped a four-session winning streak as profit booking in the second half of trade and weak cues from Asian markets weighed on investor sentiment. The 30-share BSE Sensex pack fell 104.35 points or 0.13 per cent to settle at 78,180.72, while the NSE Nifty50 index declined 31.65 points or 0.13 per cent to close at 24,398.70.