Topic
market crash
Business BSE Sensex Crashes Over 900 Points, Nifty50 Near 23,100 as US-Israel-Iran Tensions Fuel Sell-Off
Indian equity markets opened sharply lower on June 8, 2026, with the BSE Sensex crashing over 900 points and the Nifty50 falling near the 23,100 mark. The sell-off was driven by escalating geopolitical tensions involving the US, Israel, and Iran, along with a surge in crude oil prices. Technical indicators show a weak setup with key support at 23,000-23,100.
Business BSE Sensex, Nifty50 Drop Amid US-Iran Tensions and Oil Price Surge
The BSE Sensex and Nifty50 indices fell by around 1% due to escalating US-Iran tensions and rising crude oil prices. This decline erased over Rs 3 lakh crore from the market cap of BSE-listed companies. Investors are cautious amid geopolitical uncertainties and foreign institutional investor outflows.
Business TCS Shares Plummet 8% Amid Market Volatility
Tata Consultancy Services (TCS) shares fell over 8%, marking the worst single-day drop since the Covid-era crash. The decline erased recent gains and raised concerns about market stability.