{"id":14788,"date":"2026-06-08T10:00:31","date_gmt":"2026-06-08T10:00:31","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/finance\/sensex-nifty-fall-global-rout\/"},"modified":"2026-06-08T10:53:51","modified_gmt":"2026-06-08T10:53:51","slug":"sensex-nifty-fall-global-rout","status":"publish","type":"post","link":"https:\/\/lemonn.co.in\/blog\/market-updates\/sensex-nifty-fall-global-rout\/","title":{"rendered":"Stock market crash 8 June 2026: Sensex, Nifty drop over 1% on global rout"},"content":{"rendered":"
\"Stock<\/figure>\n\n\n

Indian equities fell over 1% on Monday as Sensex<\/strong> and Nifty 50<\/strong> tracked a sharp global tech selloff and rising West Asia tensions that pushed Brent crude near $97<\/strong> a barrel. Selling was broad-based across sectors, with information technology and cyclicals under pressure and volatility spiking.<\/p>\n\n\n\n

Market overview<\/h2>\n\n\n\n
Index<\/strong><\/th>8 June 2026 Close<\/strong>*<\/th>Move & % Change<\/strong><\/th>Comments<\/strong><\/th><\/tr><\/thead>
Sensex<\/strong><\/td>approx. 73,520<\/strong><\/td>approx. -725 pts (-1.0%)<\/strong><\/td>Opened over 800 points lower; all constituents in red in early trade.<\/td><\/tr>
Nifty 50<\/strong><\/td>23,138.60<\/strong><\/td>-222.45 pts (-0.95%)<\/strong><\/td>Slipped below 23,150<\/strong>; stayed under key moving averages.<\/td><\/tr>
Nifty Midcap 100<\/strong><\/td>approx. level<\/td>down over 1%<\/strong><\/td>Mirrored frontline weakness, indicating broad risk-off mood.<\/td><\/tr>
Nifty Smallcap 100<\/strong><\/td>approx. level<\/td>down over 1%<\/strong><\/td>Underperformed slightly, highlighting pressure in high beta names.<\/td><\/tr>
India VIX<\/strong><\/td>around 18.0<\/strong><\/td>+12\u201315%<\/strong><\/td>Volatility jumped as risk sentiment deteriorated.<\/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
  • Market capitalisation of BSE-listed firms<\/strong> slipped to about \u20b9456 lakh crore<\/strong>, wiping out over \u20b95 lakh crore<\/strong> intraday.<\/li>\n\n\n\n
  • Nifty<\/strong> opened near 23,080.70<\/strong>, down about 286 points (1.22%)<\/strong>, and struggled to reclaim higher levels.<\/li>\n\n\n\n
  • Analysts flagged 23,100\u201323,000<\/strong> as immediate Nifty support, with resistance around 23,500\u201323,700<\/strong>.<\/li>\n\n\n\n
  • Broader structure on Nifty remains a lower high, lower low<\/strong> pattern, signalling persistent selling.<\/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 IT<\/strong><\/td>down about 2%<\/strong><\/td>Hit by global tech and AI stock selloff, weak growth outlook.<\/td><\/tr>
    Nifty Realty<\/strong><\/td>down nearly 2%<\/strong><\/td>Risk-off trade amid higher crude and geopolitical tensions.<\/td><\/tr>
    Nifty Metal<\/strong><\/td>down over 1%<\/strong><\/td>Tracked global risk aversion and weaker Asian markets.<\/td><\/tr>
    Nifty Auto<\/strong><\/td>down over 1%<\/strong><\/td>Growth worries and higher crude weighed on sentiment.<\/td><\/tr>
    Nifty Pharma<\/strong><\/td>up about 1.25\u20131.4%<\/strong><\/td>Defensive buying, sector outperformed for fourth straight session.<\/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
    • All major NSE sectoral indices traded in the red except pharma<\/strong>.<\/li>\n\n\n\n
    • Nifty Consumer Durables, Nifty Private Bank, Nifty PSU Bank<\/strong> also fell over 1%<\/strong>, per intraday readings.<\/li>\n\n\n\n
    • Defensive rotation was visible as investors moved into pharmaceuticals<\/strong> amid global uncertainty.<\/li>\n<\/ul>\n\n\n\n

      Key movers<\/h2>\n\n\n\n

      Top gainers (sectoral context)<\/h3>\n\n\n\n
      Stock<\/strong><\/th>Sector<\/strong><\/th>Notable Factor<\/strong><\/th><\/tr><\/thead>
      Tech Mahindra<\/strong><\/td>IT<\/td>Rose 1.25%<\/strong> to \u20b91,502<\/strong>, bucking sector weakness.<\/td><\/tr>
      Mphasis<\/strong><\/td>IT<\/td>Gained 0.86%<\/strong> to \u20b92,350<\/strong> despite global tech selloff.<\/td><\/tr>
      Persistent Systems<\/strong><\/td>IT<\/td>Added 0.33%<\/strong> to \u20b95,055<\/strong> on selective buying.<\/td><\/tr>
      LTIMindtree<\/strong><\/td>IT<\/td>Inched up 0.10%<\/strong>, helping limit Nifty IT downside.<\/td><\/tr>
      OFSS<\/strong><\/td>IT<\/td>Gained 0.09%<\/strong>, also resilient within IT basket.<\/td><\/tr>
      JB Chemicals & Pharmaceuticals<\/strong><\/td>Pharma<\/td>Jumped nearly 1.8%<\/strong>, among top pharma gainers.<\/td><\/tr>
      Alkem Laboratories<\/strong><\/td>Pharma<\/td>Advanced around 1.7%<\/strong>, supported Nifty Pharma.<\/td><\/tr>
      Mankind Pharma<\/strong><\/td>Pharma<\/td>Climbed about 1.7%<\/strong>, aided defensive rotation.<\/td><\/tr>
      Torrent Pharma, Ajanta Pharma, Dr Reddy\u2019s, Gland Pharma<\/strong><\/td>Pharma<\/td>Rose up to 1.3%<\/strong>, extended sector outperformance.<\/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
      • Nifty Pharma<\/strong> logged its fourth consecutive<\/strong> positive session and is up about 7% year to date<\/strong>.<\/li>\n\n\n\n
      • Analysts cited consistent healthcare demand<\/strong> and rupee depreciation<\/strong> as supportive for export-focused pharma names.<\/li>\n<\/ul>\n\n\n\n

        Top losers<\/h3>\n\n\n\n
        Stock<\/strong><\/th>Sector<\/strong><\/th>Notable Factor<\/strong><\/th><\/tr><\/thead>
        Wipro<\/strong><\/td>IT<\/td>Slumped 6.46%<\/strong> to \u20b9185.55<\/strong> on heavy selling.<\/td><\/tr>
        TCS<\/strong><\/td>IT<\/td>Fell 1.47%<\/strong> to \u20b92,166.50<\/strong>, tracking global tech weakness.<\/td><\/tr>
        Coforge<\/strong><\/td>IT<\/td>Lost 0.28%<\/strong> to \u20b91,431.50<\/strong> amid sector pressure.<\/td><\/tr>
        Infosys<\/strong><\/td>IT<\/td>Eased 0.11%<\/strong> to \u20b91,196.20<\/strong>, relatively resilient.<\/td><\/tr>
        Hindalco, Tata Steel, JSW Steel<\/strong><\/td>Metal<\/td>Featured among major Nifty laggards as metals sold off.<\/td><\/tr>
        Bajaj Finance, Shriram Finance<\/strong><\/td>Financials<\/td>Declined sharply, reflecting risk-off in rate-sensitive names.<\/td><\/tr>
        Trent<\/strong><\/td>Retail<\/td>Dropped nearly 2%<\/strong>, leading early Sensex losses.<\/td><\/tr>
        M&M, ICICI Bank, Tata Steel<\/strong><\/td>Various<\/td>Fell around 2%<\/strong> each in early trade.<\/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
        • All Sensex<\/strong> constituents traded in the red during early trade, underscoring the breadth of the selloff.<\/li>\n\n\n\n
        • On NSE, about 2,073 stocks declined<\/strong>, 492 advanced<\/strong>, and 109<\/strong> were unchanged, indicating weak market breadth.<\/li>\n<\/ul>\n\n\n\n

          IT and pharma: divergent sector stories<\/h2>\n\n\n\n
            \n
          • Nifty IT<\/strong> corrected nearly 8%<\/strong> from its recent high of 31,291<\/strong> hit on 2 June, according to technical estimates.<\/li>\n\n\n\n
          • The index slipped below key short- and long-term moving averages<\/strong>, signalling a weakening trend.<\/li>\n\n\n\n
          • Daily RSI<\/strong> for Nifty IT fell from 66 to 46<\/strong>, while weekly RSI stayed below 40<\/strong>, indicating negative momentum.<\/li>\n\n\n\n
          • 20-day EMA zone of 29,230\u201329,250<\/strong> is seen as immediate resistance for Nifty IT.<\/li>\n\n\n\n
          • Most Tier-1 IT firms have guided for low single-digit FY27 revenue growth<\/strong>, with Tier-2 and Tier-3 targeting low double digits<\/strong>.<\/li>\n\n\n\n
          • Analysts said recent IT rebound was largely a technical recovery<\/strong> after valuation correction and short covering.<\/li>\n\n\n\n
          • They expect IT to remain range-bound<\/strong> over the next one to two quarters, with AI-led benefits visible more from FY28<\/strong>.<\/li>\n<\/ul>\n\n\n\n
              \n
            • In contrast, Nifty Pharma<\/strong> has rallied nearly 15%<\/strong> from its 2 April low of 21,150<\/strong>.<\/li>\n\n\n\n
            • The index trades comfortably above key moving averages, with RSI rebounding from 49 to around 57<\/strong>.<\/li>\n\n\n\n
            • Technical analysts highlighted 23,750\u201323,800<\/strong> as a critical support zone, with 24,000<\/strong> also an important near-term floor.<\/li>\n\n\n\n
            • Preferred picks cited by analysts include Laurus Labs, Zydus Lifesciences, Glenmark Pharma, Gland Pharma<\/strong>.<\/li>\n<\/ul>\n\n\n\n

              Global cues and macro drivers<\/h2>\n\n\n\n
              Market \/ Asset<\/strong><\/th>Movement<\/strong><\/th>Notes<\/strong><\/th><\/tr><\/thead>
              Nasdaq Composite<\/strong><\/td>-4.2%<\/strong> (Friday)<\/td>Biggest one-day fall since April 2025, led by AI and chip stocks.<\/td><\/tr>
              Philadelphia Semiconductor Index<\/strong><\/td>Sharp fall<\/td>Lost over $1 trillion<\/strong> in value, largest drop since March 2020.<\/td><\/tr>
              Kospi (South Korea)<\/strong><\/td>-5% to -9%<\/strong> intraday<\/td>Tech-heavy index triggered circuit breaker after steep fall.<\/td><\/tr>
              Nikkei (Japan)<\/strong><\/td>-4%<\/strong> approx.<\/td>Hit by profit-taking in semiconductor and AI names.<\/td><\/tr>
              Hang Seng, Shanghai Composite<\/strong><\/td>down over 1%<\/strong><\/td>Followed Wall Street weakness.<\/td><\/tr>
              Brent crude<\/strong><\/td>around +4% to $96.90\u201397<\/strong><\/td>Spiked on West Asia tensions and supply concerns.<\/td><\/tr>
              WTI crude<\/strong><\/td>around +4.6% to $94.75<\/strong><\/td>Rose on fears of disruption in Strait of Hormuz.<\/td><\/tr>
              USD\/INR<\/strong><\/td>around 95.35<\/strong><\/td>Rupee weakened 17 paise<\/strong> after prior session gains.<\/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
              • Escalating Israel\u2013Iran<\/strong> tensions and reports of explosions in Tehran, Tabriz, Isfahan<\/strong> raised fears of a wider conflict.<\/li>\n\n\n\n
              • Concerns focused on possible disruption in the Strait of Hormuz<\/strong>, through which over one-fifth of global oil and gas flows.<\/li>\n\n\n\n
              • A stronger-than-expected US jobs print of 1,72,000<\/strong> in May reduced hopes of early Federal Reserve rate cuts<\/strong>.<\/li>\n\n\n\n
              • Market strategists warned this could even raise the probability of a Fed rate hike<\/strong>, complicating the inflation outlook.<\/li>\n\n\n\n
              • Persistent FII selling<\/strong> continued, with foreign investors offloading over \u20b931,000 crore<\/strong> in the first week of June, per provisional NSE data.<\/li>\n\n\n\n
              • Domestic institutions remained net buyers, partly cushioning the fall.<\/li>\n<\/ul>\n\n\n\n

                Technical outlook for headline indices<\/h2>\n\n\n\n
                  \n
                • Nifty continues to trade below key moving averages<\/strong>, reinforcing a cautious technical setup.<\/li>\n\n\n\n
                • The index is maintaining a lower high, lower low<\/strong> formation, typical of a corrective phase.<\/li>\n\n\n\n
                • Immediate support is seen in the 23,100\u201323,000<\/strong> band; a breach could invite further downside.<\/li>\n\n\n\n
                • Resistance is clustered around 23,500\u201323,700<\/strong>, where supply has repeatedly emerged.<\/li>\n\n\n\n
                • India VIX<\/strong> near 18<\/strong> suggests elevated but not extreme fear, with traders pricing in higher short-term swings.<\/li>\n<\/ul>\n\n\n\n

                  Flexi-cap funds: outperformance but weak investor experience<\/h2>\n\n\n\n
                    \n
                  • Over the past year, the Nifty 500 TRI<\/strong> fell 3.71%<\/strong>.<\/li>\n\n\n\n
                  • 33 of 38 flexi-cap mutual funds<\/strong> beat this benchmark, with category average at -1.29%<\/strong>.<\/li>\n\n\n\n
                  • Only 15 schemes<\/strong> delivered positive 1-year returns<\/strong>, managing about \u20b988,000 crore<\/strong> of \u20b95.43 lakh crore<\/strong> flexi-cap AUM.<\/li>\n\n\n\n
                  • This implies only 16%<\/strong> of investor money sat in funds that actually made gains.<\/li>\n\n\n\n
                  • Quant Flexi Cap Fund<\/strong> led with a 11.15%<\/strong> 1-year return, nearly 15 percentage points<\/strong> above Nifty 500 TRI.<\/li>\n\n\n\n
                  • Large schemes like Parag Parikh Flexi Cap (-1.19%)<\/strong>, HDFC Flexi Cap (-0.14%)<\/strong>, Kotak Flexicap (-1.36%)<\/strong> shaped the average investor outcome.<\/li>\n\n\n\n
                  • Just five flexi-cap funds<\/strong> underperformed the Nifty 500 TRI, with Samco Flexi Cap<\/strong> down 9.18%<\/strong>.<\/li>\n<\/ul>\n\n\n\n
                      \n
                    • “The past year produced a clear set of winners and losers among flexi cap funds. Yet history suggests those rankings can change quickly,” the analysis noted, highlighting the need to assess strategy, risk metrics and multi-cycle performance<\/strong>, not just 1-year returns.<\/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 erased in Monday\u2019s selloff.<\/td><\/tr>
                      India VIX<\/strong><\/td>around 18<\/strong><\/td>Jumped 12\u201315%<\/strong>, signalling heightened near-term volatility.<\/td><\/tr>
                      FII flows (first week June)<\/strong><\/td>-\u20b931,120 crore<\/strong> approx.<\/td>Persistent foreign selling weighed on indices.<\/td><\/tr>
                      Rupee vs USD<\/strong><\/td>95.35<\/strong><\/td>Weakened 17 paise<\/strong>, reversing some prior RBI-driven gains.<\/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

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

                      Why did Sensex and Nifty fall over 1% today?<\/strong><\/h3>\n
                      \n\n

                      They tracked a global tech-led selloff, rising West Asia tensions that pushed crude near $97, persistent FII selling, and strong US jobs data that reduced hopes of early Federal Reserve rate cuts.<\/p>\n\n<\/div>\n<\/div>\n

                      \n

                      Which sectors were most impacted in today\u2019s market fall?<\/strong><\/h3>\n
                      \n\n

                      IT, realty, auto, metals, banks and consumer durables saw declines of over 1%, while pharma outperformed as a defensive, lifting Nifty Pharma by about 1.25\u20131.4%.<\/p>\n\n<\/div>\n<\/div>\n

                      \n

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

                      Analysts see support around 23,100\u201323,000 and resistance at 23,500\u201323,700, with Nifty still below key moving averages and in a lower high, lower low pattern.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

                      Indian equities fell over 1% on Monday as Sensex and Nifty 50 tracked a sharp global tech selloff and rising West Asia tensions that pushed Brent crude near $97 a barrel. Selling was broad-based across sectors, with information technology and cyclicals under pressure and volatility spiking. Market overview Index 8 June 2026 Close* Move & […]<\/p>\n","protected":false},"author":15,"featured_media":14790,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_ayudawp_aiss_exclude":false,"_ayudawp_aiss_summary":"Nifty Consumer Durables, Nifty Private Bank, Nifty PSU Bank also fell over 1%, per intraday readings. Daily RSI for Nifty IT fell from 66 to 46, while weekly RSI stayed below 40, indicating negative momentum. 20-day EMA zone of 29,230\u201329,250 is seen as immediate resistance for Nifty IT. Analysts see support around 23,100\u201323,000 and resistance at 23,500\u201323,700, with Nifty still below key moving averages and in a lower high, lower low pattern.","_ayudawp_aiss_summary_provider":"extractive","_ayudawp_aiss_summary_hash":"b0d53de44d89f845ae4b1cb4ab4eab8d7f2799d7","footnotes":""},"categories":[512],"tags":[],"class_list":["post-14788","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-fall-global-rout-banner.png",1200,640,false],"thumbnail":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/sensex-nifty-fall-global-rout-banner-150x150.png",150,150,true],"medium":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/sensex-nifty-fall-global-rout-banner-300x160.png",300,160,true],"medium_large":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/sensex-nifty-fall-global-rout-banner-768x410.png",768,410,true],"large":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/sensex-nifty-fall-global-rout-banner-1024x546.png",1024,546,true],"1536x1536":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/sensex-nifty-fall-global-rout-banner.png",1200,640,false],"2048x2048":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/sensex-nifty-fall-global-rout-banner.png",1200,640,false],"web-stories-poster-portrait":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/sensex-nifty-fall-global-rout-banner-640x640.png",640,640,true],"web-stories-publisher-logo":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/sensex-nifty-fall-global-rout-banner-96x96.png",96,96,true],"web-stories-thumbnail":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/sensex-nifty-fall-global-rout-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 fell over 1% on Monday as Sensex and Nifty 50 tracked a sharp global tech selloff and rising West Asia tensions that pushed Brent crude near $97 a barrel. Selling was broad-based across sectors, with information technology and cyclicals under pressure and volatility spiking. Market overview Index 8 June 2026 Close* Move &…","_links":{"self":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/14788","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=14788"}],"version-history":[{"count":3,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/14788\/revisions"}],"predecessor-version":[{"id":14811,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/14788\/revisions\/14811"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media\/14790"}],"wp:attachment":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media?parent=14788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/categories?post=14788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/tags?post=14788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}