Stock Market Today, July 8: Sensex Drops Over 1,600 Points, Nifty Falls 2.12% as Market Breadth Weakens
5paisa Capital Ltd
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Last Updated: 8th July 2026 - 04:04 pm
Indian markets witnessed a broad-based sell-off, with the Sensex and Nifty falling over 2% amid heavy losses in financial, auto, and consumer stocks. Jio Financial, InterGlobe Aviation, and Shriram Finance led the declines, while ONGC managed modest gains. Global sentiment remained weak as European markets traded sharply lower and U.S. indices closed in the red in the previous session. India VIX surged nearly 25%, reflecting heightened market volatility and risk aversion.
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Stock Market Highlights, July 8
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Domestic Indices Witness Sharp Sell-Off: Indian benchmarks ended sharply lower, with the Sensex falling 2.15% to 76,503.60 and the Nifty 50 declining 2.12% to 23,882.05. Jio Financial plunged 5.38%, followed by InterGlobe Aviation and Shriram Finance, while ONGC emerged as the top gainer with a modest 1.15% rise.
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Global Cues Weak: Asian markets closed mixed, with Japan's Nikkei dropping 2.11% and Shanghai Composite slipping 0.47%, while Hong Kong's Hang Seng gained 2.99%. European markets traded sharply lower mid-session, with the DAX, CAC 40, STOXX 50, and FTSE 100 all posting significant declines.
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Wall Street Recap: In the previous session, U.S. markets ended lower, with the NASDAQ falling 1.16%, the S&P 500 declining 0.45%, and the Dow Jones slipping 0.25%. The weakness reflected continued pressure on technology stocks and cautious investor sentiment ahead of key economic developments.
Stay informed with our in-depth look at what’s driving the stock market tomorrow.
Top Gainers
| Company | Gain |
| ONGC | 1.15% |
| Bajaj Auto | 0.54% |
| Hindalco | 0.22% |
| Coal India | 0.02% |
Top Losers
| Company | Gain |
| Jio Financial | -5.38% |
| Interglobe Avi | -5.02% |
| Shriram Finance | -4.91% |
| Maruti Suzuki | -4.04% |
| HUL | -3.30% |
Indian Market Cues
| Index | Value | Change (%) |
|---|---|---|
| Gift Nifty | 23,858.50 | -1.62% |
| Nifty 50 | 23,882.05 | -2.12% |
| Nifty Bank | 56,742.60 | -2.51% |
| SENSEX | 76,503.60 | -2.15% |
India VIX
| Volatility Index | Value | Change (%) |
| India VIX | 14.535 | 24.76% |
Asian Markets
| Index | Value | Change (%) |
| Nikkei | 66,819 | -2.11% |
| Hang Seng | 24,199 | 2.99% |
| Shanghai Composite | 4,592 | -0.47% |
European Market Mid-Session Update
| Index | Value | Change (%) |
| FTSE 100 | 10,492 | -1.61% |
| DAX | 24,845 | -2.39% |
| CAC 40 | 8,243 | -2.27% |
| STOXX 50 | 6,184 | -2.14% |
U.S. Markets Live Today
| Index | Value | Change (%) |
|---|---|---|
| Dow Jones | 59,925.15 | -0.25% |
| NASDAQ | 25,818.69 | -1.16% |
| S&P 500 | 7,503.85 | -0.45% |
*As of 15:45 IST
This content is for informational purposes only and not investment advice. Please do your own research before making any financial decisions.
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