Markets tumble after Donald Trump ends ceasefire

Indian equity markets crashed on 8 July 2026 after US President Donald Trump declared the US-Iran ceasefire over, with the Nifty 50 falling 2.1% to 23,882 and the Sensex dropping 2.1% to 76,503, their lowest levels since 30 March. Global markets also sold off sharply, with South Korea's Kospi down 5.3%, Hang Seng down 3%, and Japan's Nikkei down 2.1%, while Brent crude rose 3.03% to $78.5 per barrel on supply concerns. Heavyweights including HDFC Bank, ICICI Bank, and Reliance Industries fell between 2.2% and 2.5%, and BSE market capitalisation eroded by about 16.31 trillion rupees to 445 trillion rupees, as analysts flagged India's 80-85% oil import dependence and weak valuations as key risks.