Why the Indian Share Market (NSE and BSE) is Falling: Nifty Closes at 23,123, Down 1.04% on June 8

The Indian stock market witnessed a weak start to the week on June 8, 2026, with benchmark indices ending sharply lower amid negative global cues and broad-based selling pressure. 

Although the market recovered, rallying from its intraday lows during the trading session, it failed to sustain gains and closed near the day’s low. Investor sentiment remained subdued due to weakness in global markets, persistent foreign fund outflows, rising crude oil prices, and geopolitical tensions in the Middle East. 

Nifty 50 Movement and Market Breadth on June 8 

The NIFTY 50 Index ended the day at 23,123, down 243.70 points or 1.04% from its previous close of 23,366.70. 

During the session, the index touched an intraday high of 23,267.30 and a low of 23,070.15. The benchmark rallied about 186 points from the opening level to reach its intraday high before renewed selling pressure erased the gains. 

Market breadth remained weak, with 41 stocks closing lower and only 9 stocks ending in positive territory. 

Top Gainers and Losers in Nifty 50 on June 8, 2026 

Among the gainers, Max Healthcare share price rallied 2.95% to close at ₹1,006.05 and emerged as the top performer. Power Grid Corporation share price gained 1.52%, while Bharti Airtel share price advanced 1.22% to end the session at ₹1,820.10. 

On the losing side, Wipro share price plunged 8.45% and was the biggest drag on the index. Jio Financial Services share price declined 3.67%, while Eternal share price fell 3.65% to close at ₹247.15. 

Key Factors Behind Today's Indian Stock Market Selloff 

Global Markets Witness Sharp Decline 

Asian markets came under pressure on Monday following a sharp selloff in global equities. South Korea's Kospi plunged 9%, triggering a temporary trading halt, while Japan's Nikkei fell around 4%.  

The weakness followed a steep decline on Wall Street on Friday, where the Nasdaq fell more than 4%, marking its biggest single-day drop since April 2025. 

Concerns Over Federal Reserve Interest Rates 

A stronger-than-expected US jobs report raised concerns that the Federal Reserve may keep interest rates elevated for longer. The US economy added 1.72 lakh jobs in May, significantly exceeding market expectations. 

Persistent Foreign Institutional Investor Selling 

Foreign Institutional Investors (FIIs) continued their selling streak, remaining net sellers for the sixth consecutive session. According to provisional NSE data, FIIs sold equities worth more than ₹8,776 crore on Friday. 

Rupee Weakens Against the US Dollar 

The Indian rupee reached 95.69 against the US dollar. 

Rising Geopolitical Tensions in the Middle East 

Market sentiment was also impacted by escalating tensions in the Middle East. Reports of fresh military activity between Israel and Iran raised concerns about further regional instability and potential disruptions to global energy supplies. 

Crude Oil Prices Move Higher 

Brent crude futures surged to $98 per barrel, while WTI crude approached $95 per barrel amid concerns over disruptions in oil supply routes. 

Conclusion 

Indian equities witnessed broad-based selling pressure on June 8, with the Nifty ended the day at 23,130 despite recovering from intraday lows. Weak global cues, persistent FII selling, rising oil prices, geopolitical tensions, and concerns over US interest rates weighed on investor sentiment. While a handful of stocks managed to close higher, overall market breadth remained firmly negative throughout the session. 

Want to read stock market updates in Hindi? Angel One News gives comprehensive share market news in Hindi.   

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.