08/07/2026
Contact link: https://investnama.com/mfd/abhimanyu-308404
Market Update 📰:
- 🇮🇳 Indian Market: Dalal Street witnessed a broad-based sell-off as soaring crude oil prices and renewed U.S.-Iran tensions triggered panic across sectors. Financials, auto, FMCG, IT and oil-sensitive ⛽️ stocks led the decline, while the India VIX jumped, reflecting rising volatility. Profit booking ahead of the Q1 earnings season 📑 and concerns over inflation, the rupee and India's higher oil import bill further dampened sentiment, making it the sharpest market fall in over two months.
- 📊 Market Breadth: On the NSE, 473 stocks ended in the green, while 2531 stocks closed in the red.
- 🌍 Global Market: Indices slipped after Trump declared the U.S.-Iran ceasefire over, reviving geopolitical fears. 🚨Oil prices surged over 5%, pressuring U.S., European, and Asian equities, while the U.S. dollar and Treasury yields climbed. Gold and silver slipped 📉 as the stronger dollar outweighed safe-haven demand, keeping investors on edge over rising geopolitical and inflation risks.