{"id":14702,"date":"2026-06-08T05:11:46","date_gmt":"2026-06-08T05:11:46","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/?p=14702"},"modified":"2026-06-08T05:52:55","modified_gmt":"2026-06-08T05:52:55","slug":"sensex-nifty-open-lower-west-asia","status":"publish","type":"post","link":"https:\/\/lemonn.co.in\/blog\/market-updates\/sensex-nifty-open-lower-west-asia\/","title":{"rendered":"Nifty Falls, Sensex Drops: Top Reasons Behind Today\u2019s Market Move – 8th June 2026"},"content":{"rendered":"
\"Nifty<\/figure>\n\n\n

Indian equities opened sharply lower on Monday, with the Sensex<\/strong> down over 800 points and Nifty 50<\/strong> slipping below 23,100<\/strong>, as escalating West Asia tensions, a tech-led global selloff and higher crude prices weighed on risk sentiment.<\/p>\n\n\n\n

Selling was broad-based across sectors and market capitalisation, with India VIX jumping and all Sensex constituents trading in the red in early deals.<\/p>\n\n\n\n

Market Overview<\/h2>\n\n\n\n
Index<\/strong><\/th>8 Jun 2026 Open \/ Early Level<\/strong><\/th>Move & % Change<\/strong><\/th>Comments<\/strong><\/th><\/tr><\/thead>
Sensex<\/strong><\/td>73,421.61<\/strong><\/td>approx. -800 pts (-1.1%)<\/td>Opened sharply lower; all components in negative territory.<\/td><\/tr>
Nifty 50<\/strong><\/td>23,080.70<\/strong><\/td>approx. -286 pts (-1.2%)<\/td>Slipped below 23,100<\/strong> at open amid global risk-off.<\/td><\/tr>
Bank Nifty<\/strong><\/td>53,853.45<\/strong><\/td>approx. -643 pts (-1.2%)<\/td>Tracked broader weakness; financials under pressure.<\/td><\/tr>
Nifty Midcap 100<\/strong><\/td>early trade<\/td>down over 1%<\/td>Reflects broad-based selling beyond large caps.<\/td><\/tr>
Nifty Smallcap 100 \/ 150 \/ 250<\/strong><\/td>early trade<\/td>down about 0.85\u20131%<\/td>Smaller stocks also faced risk-off pressure.<\/td><\/tr>
India VIX<\/strong><\/td>around 17.7\u201318.0<\/strong><\/td>up 12\u201315%<\/td>Volatility spiked as geopolitical and rate fears rose.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Note: figures are approximate; final exchange data not available at time of publication.<\/p>\n\n\n\n

    \n
  • Combined BSE market capitalisation fell to around \u20b9456 lakh crore<\/strong>.<\/li>\n\n\n\n
  • Over \u20b95 lakh crore<\/strong> of investor wealth was erased in early trade.<\/li>\n\n\n\n
  • Advance-decline on NSE skewed, with over 2,000 stocks declining.<\/li>\n<\/ul>\n\n\n\n

    Key Movers<\/h2>\n\n\n\n
    Top Early Losers<\/strong><\/th>Sector<\/strong><\/th>Notable Factor<\/strong><\/th><\/tr><\/thead>
    Trent<\/strong><\/td>Retail<\/td>Fell nearly 2%, leading Sensex losses in early trade.<\/td><\/tr>
    M&M<\/strong><\/td>Auto<\/td>Dropped around 2% amid sector-wide selling.<\/td><\/tr>
    ICICI Bank<\/strong><\/td>Banking<\/td>Declined about 2% tracking financial weakness.<\/td><\/tr>
    Bajaj Finance<\/strong><\/td>NBFC<\/td>Slid around 2% as risk appetite waned.<\/td><\/tr>
    Tata Steel<\/strong><\/td>Metals<\/td>Lost about 2% on global growth and crude concerns.<\/td><\/tr>
    Wipro<\/strong><\/td>IT<\/td>Shares fell around 4% as global tech sold off.<\/td><\/tr>
    TCS<\/strong><\/td>IT<\/td>Dropped over 1% in line with global IT weakness.<\/td><\/tr>
    Infosys, HCL Tech<\/strong><\/td>IT<\/td>Declined over 1% each as global IT crashed.<\/td><\/tr>
    JSW Steel, Hindalco<\/strong><\/td>Metals<\/td>Among major Nifty laggards in early trade.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
      \n
    • Every Sensex<\/strong> stock traded in the red in opening deals.<\/li>\n\n\n\n
    • Tech-heavy counters underperformed following a sharp Nasdaq decline.<\/li>\n<\/ul>\n\n\n\n

      Sectoral Action<\/h2>\n\n\n\n
      Sector\/Index<\/strong><\/th>Direction (approx.)<\/strong><\/th>Key Drivers<\/strong><\/th><\/tr><\/thead>
      Nifty Realty<\/strong><\/td>down nearly 2%<\/td>Rate fears and risk-off mood hit rate-sensitive realty.<\/td><\/tr>
      Nifty IT<\/strong><\/td>down over 1.5%<\/td>Global tech rout and higher US rate expectations weighed.<\/td><\/tr>
      Nifty Metal<\/strong><\/td>down over 1.5%<\/td>Growth worries and crude spike pressured cyclicals.<\/td><\/tr>
      Nifty Auto<\/strong><\/td>down over 1.5%<\/td>Concerns over fuel costs and demand sentiment.<\/td><\/tr>
      Nifty Consumer Durables<\/strong><\/td>down over 1%<\/td>Discretionary spending fears amid volatility.<\/td><\/tr>
      Nifty Private & PSU Bank<\/strong><\/td>down over 1%<\/td>Higher global rates and risk aversion hurt financials.<\/td><\/tr>
      Nifty Media, Nifty Pharma<\/strong><\/td>mixed to marginal gains<\/td>Some defensive buying seen in early trade.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        \n
      • All NSE sectoral indices traded in the red except pockets like media and pharma.<\/li>\n\n\n\n
      • Selling pressure was described as broad-based across the market.<\/li>\n<\/ul>\n\n\n\n

        Global Cues<\/h2>\n\n\n\n
        Market\/Asset<\/strong><\/th>Movement<\/strong><\/th>Notes<\/strong><\/th><\/tr><\/thead>
        Nasdaq Composite (Fri)<\/strong><\/td>-4.18%<\/td>Biggest one-day fall since April 2025; tech-led decline.<\/td><\/tr>
        S&P 500 (Fri)<\/strong><\/td>-2.64%<\/td>Broad US market weakness after strong jobs data.<\/td><\/tr>
        Dow Jones (Fri)<\/strong><\/td>-1.35%<\/td>Risk-off sentiment ahead of potential Fed tightening.<\/td><\/tr>
        Japan Nikkei<\/strong><\/td>approx. -3.8% to -4%<\/td>AI-linked stocks led losses.<\/td><\/tr>
        South Korea Kospi<\/strong><\/td>-4.8% intraday; earlier -8\u20139%<\/td>Circuit breaker triggered after steep tech selloff.<\/td><\/tr>
        Hong Kong Hang Seng<\/strong><\/td>about -1% to -2%<\/td>Tracked regional weakness.<\/td><\/tr>
        China CSI 300 \/ Shanghai Composite<\/strong><\/td>about -1% to -1.5%<\/td>Followed global risk-off mood.<\/td><\/tr>
        MSCI Asia ex-Japan<\/strong><\/td>-2.7%<\/td>Region-wide decline after US tech selloff.<\/td><\/tr>
        Brent crude<\/strong><\/td>around $96\u201397<\/strong><\/td>Up about 3\u20134% on West Asia escalation.<\/td><\/tr>
        WTI crude<\/strong><\/td>around $93\u201395<\/strong><\/td>Gained over 3.5\u20134.5% on supply concerns.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
          \n
        • Nasdaq\u2019s fall was driven by large declines in AI-linked US chip stocks.<\/li>\n\n\n\n
        • Asian markets mirrored the tech-led correction, particularly South Korea and Japan.<\/li>\n<\/ul>\n\n\n\n

          Macro Drivers: West Asia, Crude and Fed Fears<\/h2>\n\n\n\n
            \n
          • Israel reportedly struck military targets in western and central Iran and in Lebanon.<\/li>\n\n\n\n
          • Iran fired missiles at Israeli locations in retaliation, raising war escalation risks.<\/li>\n\n\n\n
          • Explosions were reported in Tehran, Tabriz and Isfahan, highlighting ceasefire fragility.<\/li>\n\n\n\n
          • Investors feared disruption to crude flows through the Strait of Hormuz<\/strong>.<\/li>\n\n\n\n
          • Brent and WTI futures climbed, with crude up over 50% since March<\/strong>.<\/li>\n\n\n\n
          • Strong US May non-farm payrolls, at 172,000 jobs<\/strong>, beat expectations of about 80\u201385,000<\/strong>.<\/li>\n\n\n\n
          • Fed rate hike probability by December 2026 rose to over 70%<\/strong>, per derivatives pricing.<\/li>\n\n\n\n
          • Higher US yields reduce the relative appeal of emerging markets such as India.<\/li>\n\n\n\n
          • The rupee weakened around 17 paise<\/strong> in early trade to about 95.35<\/strong> against the dollar.<\/li>\n<\/ul>\n\n\n\n
              \n
            • “There are strong headwinds for the market as trading begins for the week,” said VK Vijayakumar<\/strong>, Chief Investment Strategist, Geojit Investments.<\/li>\n\n\n\n
            • “The sharp cut of 4.18% in Nasdaq last Friday has rattled global markets,” he added.<\/li>\n<\/ul>\n\n\n\n

              Technical Outlook<\/h2>\n\n\n\n
                \n
              • Nifty 50<\/strong> continues to trade below key moving averages, signalling a weak structure.<\/li>\n\n\n\n
              • Index maintains a lower high\u2013lower low<\/strong> formation, indicating persistent selling pressure.<\/li>\n\n\n\n
              • Immediate support is seen around the 23,100\u201323,000<\/strong> zone.<\/li>\n\n\n\n
              • A decisive break below this band could open downside toward 22,700\u201322,800<\/strong>.<\/li>\n\n\n\n
              • On the upside, immediate hurdle is near 23,500<\/strong>, with stronger resistance around 23,700<\/strong>.<\/li>\n\n\n\n
              • Analysts flagged near-term bias as cautious while Nifty trades below 23,500\u201323,550<\/strong>.<\/li>\n<\/ul>\n\n\n\n

                Key Market Statistics<\/h2>\n\n\n\n
                Statistic<\/strong><\/th>Value\/Change<\/strong><\/th>Context<\/strong><\/th><\/tr><\/thead>
                BSE market cap<\/strong><\/td>\u20b9456 lakh crore<\/strong><\/td>Over \u20b95 lakh crore<\/strong> wealth erosion in early trade.<\/td><\/tr>
                India VIX<\/strong><\/td>around 17.7\u201318.0<\/strong><\/td>Jump of nearly 12\u201315% signals elevated near-term volatility.<\/td><\/tr>
                FII flows (first week June)<\/strong><\/td>outflow \u20b931,120 crore<\/strong><\/td>Persistent foreign selling pressure on equities.<\/td><\/tr>
                Rupee vs USD<\/strong><\/td>95.35<\/strong> (down 17 paise)<\/td>Weaker rupee reflects higher crude and Fed hike fears.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
                  \n
                • FIIs were net sellers for six consecutive sessions up to Friday, per provisional NSE data.<\/li>\n\n\n\n
                • DIIs were net buyers, partly cushioning the FII outflows.<\/li>\n<\/ul>\n\n\n\n

                  FAQs<\/h2>\n\n\n
                  \n
                  \n
                  \n

                  Why did Sensex and Nifty 50 open sharply lower today?<\/strong><\/h3>\n
                  \n\n

                  Escalating West Asia conflict, a sharp global tech-led selloff, higher crude prices and persistent FII outflows hit sentiment.<\/p>\n\n<\/div>\n<\/div>\n

                  \n

                  Which sectors were hit the most in early trade?<\/strong><\/h3>\n
                  \n\n

                  Realty, IT, metals and auto led declines, each falling over 1\u20131.5%, while most other sectors were also in the red.<\/p>\n\n<\/div>\n<\/div>\n

                  \n

                  What are the key technical levels to watch on Nifty 50 now?<\/strong><\/h3>\n
                  \n\n

                  Support is in the 23,100\u201323,000<\/strong> zone; resistance lies around 23,500<\/strong>, then 23,700<\/strong>. A break below 23,000 could extend downside toward 22,700\u201322,800.<\/p>\n\n<\/div>\n<\/div>\n

                  \n

                  Why did Sensex and Nifty 50 open sharply lower today?<\/strong><\/h3>\n
                  \n\n

                  Escalating West Asia tensions, a global tech-led selloff, higher crude prices and persistent FII outflows dragged indices over 1% lower at the open.<\/p>\n\n<\/div>\n<\/div>\n

                  \n

                  Which sectors are under the most pressure in early trade?<\/strong><\/h3>\n
                  \n\n

                  Realty, IT, metals and auto are among the worst hit, each down over 1\u20131.5%, with broad-based declines across most NSE sectoral indices.<\/p>\n\n<\/div>\n<\/div>\n

                  \n

                  What are the key support and resistance levels for Nifty 50 now?<\/strong><\/h3>\n
                  \n\n

                  Analysts flag support around 23,100\u201323,000 and resistance near 23,500\u201323,700; a sustained break below 23,000 could extend weakness toward 22,700\u201322,800.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

                  Indian equities opened sharply lower on Monday, with the Sensex down over 800 points and Nifty 50 slipping below 23,100, as escalating West Asia tensions, a tech-led global selloff and higher crude prices weighed on risk sentiment. Selling was broad-based across sectors and market capitalisation, with India VIX jumping and all Sensex constituents trading in […]<\/p>\n","protected":false},"author":15,"featured_media":14705,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_ayudawp_aiss_exclude":false,"_ayudawp_aiss_summary":"Indian equities opened sharply lower on Monday, with the Sensex down over 800 points and Nifty 50 slipping below 23,100, as escalating West Asia tensions, a tech-led global selloff and higher crude prices weighed on risk sentiment. Selling was broad-based across sectors and market capitalisation, with India VIX jumping and all Sensex constituents trading in the red in early deals. Analysts flag support around 23,100\u201323,000 and resistance near 23,500\u201323,700; a sustained break below 23,000 could extend weakness toward 22,700\u201322,800.","_ayudawp_aiss_summary_provider":"extractive","_ayudawp_aiss_summary_hash":"0a06b8c2dda60cb20200c83cea468c6bc9d7ac6f","footnotes":""},"categories":[512],"tags":[],"class_list":["post-14702","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-updates"],"blocksy_meta":[],"uagb_featured_image_src":{"full":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/sensex-nifty-open-lower-west-asia-banner.png",1200,640,false],"thumbnail":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/sensex-nifty-open-lower-west-asia-banner-150x150.png",150,150,true],"medium":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/sensex-nifty-open-lower-west-asia-banner-300x160.png",300,160,true],"medium_large":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/sensex-nifty-open-lower-west-asia-banner-768x410.png",768,410,true],"large":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/sensex-nifty-open-lower-west-asia-banner-1024x546.png",1024,546,true],"1536x1536":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/sensex-nifty-open-lower-west-asia-banner.png",1200,640,false],"2048x2048":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/sensex-nifty-open-lower-west-asia-banner.png",1200,640,false],"web-stories-poster-portrait":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/sensex-nifty-open-lower-west-asia-banner-640x640.png",640,640,true],"web-stories-publisher-logo":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/sensex-nifty-open-lower-west-asia-banner-96x96.png",96,96,true],"web-stories-thumbnail":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/sensex-nifty-open-lower-west-asia-banner-150x80.png",150,80,true]},"uagb_author_info":{"display_name":"Team Lemonn","author_link":"https:\/\/lemonn.co.in\/blog\/author\/yudh\/"},"uagb_comment_info":0,"uagb_excerpt":"Indian equities opened sharply lower on Monday, with the Sensex down over 800 points and Nifty 50 slipping below 23,100, as escalating West Asia tensions, a tech-led global selloff and higher crude prices weighed on risk sentiment. Selling was broad-based across sectors and market capitalisation, with India VIX jumping and all Sensex constituents trading in…","_links":{"self":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/14702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/comments?post=14702"}],"version-history":[{"count":2,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/14702\/revisions"}],"predecessor-version":[{"id":14710,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/14702\/revisions\/14710"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media\/14705"}],"wp:attachment":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media?parent=14702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/categories?post=14702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/tags?post=14702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}