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%.

Updated Jul 8, 2026 9:43 AM IST

BT Opening Bell | Sensex, Nifty open lower as crude price rises on renewed US-Iran attacks

Sensex crashed 565 points to 77615 and Nifty lost 173 pts to 24,227 in early deals today.

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:

Rajesh Palviya, Head of Research, Axis Direct said, "Technically, the near-term bias remains cautious as long as the Nifty trades below the 24,450 resistance zone. Immediate support is placed at 24,200, and a sustained breach could trigger a move towards the key psychological level of 24,000. On the upside, a decisive close above 24,450 would improve sentiment and pave the way for a recovery towards 24,600. Stability in crude oil prices and a rebound in global semiconductor stocks will be crucial in determining whether domestic equities can regain their footing after the expected weak opening."

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.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

ABOUT THE AUTHOR

Aseem Thapliyal

A journalist with over 12 years' experience, who tracks trends in the share market and writes stock market stories. An active follower of Sensex and Nifty, I capture stocks in news and analysis by share market experts and brokerages on their outlook and price targets. I cover company news/earnings leading to a rally or crash in particular stocks or stock market indices. Also track impact of global stock markets on their Indian peers. I have worked with Live Mint and NDTV Profit in previous stints. My hobbies are exploring new places, travelling, watching movies, spending time with friends and family, watching web series, playing cricket and football. I have completed graduation from Delhi University along with a PG Diploma in journalism from IIMC. I can be reached easily via social media platforms.

Published on: Jul 8, 2026 9:43 AM IST

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%.

Related Articles

ABOUT THE AUTHOR

TOP STORIES

TOP VIDEOS