Oil price rise resulting from rising US-Iran tensions impacts markets:Sensex cracks 625 pts; Nifty loses 150 pts

The share market is trading down on Wednesday, 8 July, 2026. The Sensex is trading at the level of 77,600 with a decline of 625 points. Meanwhile, the Nifty has also fallen by about 150 points and is trading at the level of 24,250. There is heavy selling in energy, auto, and banking shares. Stocks like Asian Paints, ITC, IndiGo, Reliance, HUL and Bajaj Finance were among the top losers. Sectoral indices mostly fall Wednesday Sectorally, on the NSE, barring Nifty Healthcare and Pharma, all other indices traded with losses, with Nifty Oil Gas falling the most by 1.64%. US strikes over 80 targets across Iran despite ceasefire The United States launched a large-scale airstrike on Iran early Wednesday despite an existing ceasefire, targeting more than 80 military sites across the country’s south, according to US Central Command (CENTCOM). Washington said the strikes were carried out in response to attacks on three commercial vessels transiting the Strait of Hormuz, which it blamed on Iran. Oil rises: Oil prices rose on Wednesday. The global standard for oil prices, Brent crude, climbed to $76 per barrel mark. Mixed trading in Asian markets American market had declined overnight Foreign investors bought shares worth ₹393 crore on Tuesday Note: Net buying/selling figures of FIIs and DIIs are in crores of rupees. Market witnessed decline on Tuesday Earlier yesterday, i.e., on July 7, the stock market witnessed a decline. Sensex closed at 78,181 with a fall of 104 points. Meanwhile, Nifty also fell by 32 points, closing at 24,399.