Top Gainers & Losers on 8 July: Aegis Logistics, HPCL, Bank of India, IndiGo, Coforge, MRF among top losers
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The Indian stock market saw heavy selling on July 8, 2026, with the Nifty 50 falling 2.12 percent to 23,882 and the Sensex dropping 2.14 percent to 76,503, marking the biggest single-day decline for both benchmarks since late March. The sell-off was triggered by escalating Middle East tensions after the US launched strikes on Iran and revoked an Iranian oil sales license, with Iran retaliating against US military sites in Bahrain and Kuwait and President Trump declaring the interim agreement 'over'. All major sectoral indices ended in the red, with the PSU Bank index falling 2.27 percent, while oil marketing companies HPCL, BPCL and IOC declined up to 5 percent and over 100 Nifty 500 constituents lost more than 3 percent.