Today: 8 June 2026
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NSE:BPCL 29 September 2025 - 13 April 2026

Sensex Slides 703 Points, Nifty Ends Below 23,850 as Oil Tops $100 After U.S.-Iran Talks Fail

Sensex Slides 703 Points, Nifty Ends Below 23,850 as Oil Tops $100 After U.S.-Iran Talks Fail

The Sensex fell 702.68 points to 76,847.57 and the Nifty 50 dropped 207.95 points to 23,842.65 as Brent crude surged nearly 8% to $102.8 a barrel. The rupee slid 0.7% to 93.3750 per dollar, its sharpest decline in two weeks. Reliance Industries, HPCL, and BPCL shares dropped after the government raised export duties. Indian markets will be closed Tuesday for a local holiday.
India Stock Market Today: Sensex, Nifty Slide Toward Correction as Oil Shock Hits Rupee and Banks

India Stock Market Today: Sensex, Nifty Slide Toward Correction as Oil Shock Hits Rupee and Banks

Indian stocks fell sharply Monday, with the Sensex and Nifty down about 2.2% as Brent crude surged to $119.50 and the rupee hit a record low of 92.33 per dollar. Both indexes touched 11-month lows, entering correction territory. State-run banks dropped 5.5%, and InterGlobe Aviation slid 7.1%. The Reserve Bank intervened to slow the rupee’s fall, but traders warned volatility could persist if oil stays high.
India’s Q3 results rush: IndusInd Bank profit seen plunging as JSW Steel, BPCL, Cipla report today

India’s Q3 results rush: IndusInd Bank profit seen plunging as JSW Steel, BPCL, Cipla report today

Over 50 Indian companies, including IndusInd Bank, JSW Steel, BPCL, and Cipla, will report December-quarter earnings on Friday. Brokerages expect IndusInd Bank’s profit after tax to drop sharply, with forecasts ranging from 13 crore to 313 crore rupees. JSW Steel faces weaker prices, while BPCL may see higher EBITDA due to softer crude. Pharma and banking sectors remain under pressure.
India stock market today: Nifty, Sensex slip in late trade as Reliance drops, tariff jitters linger

India stock market today: Nifty, Sensex slip in late trade as Reliance drops, tariff jitters linger

The Nifty 50 fell 0.34% to 26,159.90 and the Sensex dropped 0.47% to 85,037.57 in late Mumbai trade Tuesday, led by declines in Reliance Industries and HDFC Bank. U.S. tariff threats and weak energy stocks weighed on sentiment. Trent slumped 7.5% after its update, while Tata Motors’ JLR flagged a sharp volume drop. The rupee firmed to 90.09 per dollar after state banks sold dollars.
U.S. strike on Venezuela: 3 scenarios for Indian oil stocks when markets reopen

U.S. strike on Venezuela: 3 scenarios for Indian oil stocks when markets reopen

U.S. forces captured Venezuelan President Nicolas Maduro on Saturday after an attack ordered by President Donald Trump, Reuters reported. Venezuela’s oil exports were already halved in December due to a U.S. blockade, and port captains have since halted shipments. Brent crude closed Friday at $60.75 a barrel. Indian oil stocks face pressure as higher crude prices could squeeze margins for major refiners.
3 January 2026
Asian Markets Rally on Tech and Energy Gains – Investors Eye U.S. Shutdown Risk

Asian Markets Rally on Tech and Energy Gains – Investors Eye U.S. Shutdown Risk

Hong Kong’s Hang Seng rose 1% and South Korea’s KOSPI gained 1.3% Monday, while Japan’s Nikkei 225 slipped 0.8%. Energy stocks led gains in India, with Oil India up 2.2% after a gas find. China’s factory PMI is forecast below 50 for September, signaling continued contraction. U.S. government shutdown fears and new tariffs weighed on global sentiment as the dollar eased to ¥148.9.

Stock Market Today

  • Zepto Files for $1 Billion IPO as India Rapid-Commerce Market Grows
    June 8, 2026, 2:32 PM EDT. Zepto Ltd., a fast-growing player in India's rapid-commerce sector, has filed an updated draft prospectus for a potential $1 billion initial public offering (IPO). This marks a crucial step toward going public for one of the country's leading consumer internet companies. The filing indicates Zepto's ambition to expand its footprint amid rising demand for quick delivery services in India.

Latest articles

Inno Holdings Soared Nearly 20 Times—AI Deal Includes a Caveat

Inno Holdings Soared Nearly 20 Times—AI Deal Includes a Caveat

8 June 2026
Inno Holdings shares soared twentyfold to $20.97 after announcing a $3 million AI sales agent deal for its used mobile phone business, but investor risks remain with a recent $60 million at-the-market stock program and ongoing going-concern warnings in filings, as the project is still in early development and not yet commercially launched.
Emirates Cuts A380 Flights, Raising Concerns Over Summer Airfare

Emirates Cuts A380 Flights, Raising Concerns Over Summer Airfare

8 June 2026
Emirates slashed June A380 flights on 10 major routes as soaring fuel costs and Middle East airspace disruption forced airlines to cut capacity, prompting IATA to halve its 2026 global profit forecast to $23 billion from $41 billion, with industry-wide seat reductions and rising fares expected as carriers struggle to absorb shocks during peak travel.
Wall Street Watches Microsoft’s $37 Billion AI Bet

Wall Street Watches Microsoft’s $37 Billion AI Bet

8 June 2026
Microsoft shares fell 1.5% to $410.30 as investors weighed bullish analyst calls and NHS England’s Copilot rollout against concerns that surging AI revenue—now at a $37 billion run rate—may not outpace rising costs and margin pressure from heavy infrastructure investment.
Cerebras shares jump as Wall Street eyes AI chipmaker’s Nvidia bid

Cerebras shares jump as Wall Street eyes AI chipmaker’s Nvidia bid

8 June 2026
Cerebras shares soared about 20% to $241.44 after Wall Street analysts initiated coverage post-IPO, citing rapid demand for fast AI inference and partnerships with OpenAI and AWS; Needham set a $300 price target, while the average analyst forecast reached $295, as chip stocks broadly rebounded and the PHLX Semiconductor Index jumped over 6%.
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