Black Monday on Dalal Street; Sensex crashes 900 points:Nifty slumps 1%; oil prices boil after Iran and Israel exchange fire

Indian benchmark indices nosedived on Monday, 8 June, 2026 after fresh exchange of fire between Iran and Israel. Sensex crashed 900 points. Similarly, Nifty slumped 1% to 23,113 points. Stocks like TCS, Eternal, MM, IndiGo, Bajaj Finance and LT were among the major losers on the Sensex. Sectoral indices mostly fall Monday Sectorally, on the NSE, barring Nifty Pharma, PSU Bank and Healthcare, all other indices traded with losses, with Nifty Realty falling the most by 1.96%. Israel bombs Iran despite Trump appeal Explosions rock Iran after Israel’s military launched attacks on the country. The attacks came after Iran launched a wave of missiles at Israel, accusing Israel of repeated violations of the ceasefire with its attacks on Lebanon. Oil on the boil Renewed uncertainty regarding the progress of the US-Iran peace deal following fresh exchnage of fire between the two Middle East countries, oil prices shot up, with the global benchmark Brent crude rising 3.63% to $96.75 a barrel on Monday. The price of West Texas Intermediate also rose 3.35% to $93.89 a barrel. Korean and Japanese markets crash by nearly 4% Wall Street records a steep fall on Friday Foreign investors offloaded domestic equities on 5 June Note: Net buying/selling figures of FIIs and DIIs are in crores of rupees Rupee drops Rupee falls 17 paise to 95.35 against US dollar in early trade on Monday.