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Nifty ends deeply in red as crude oil prices rise

08 Jun 2026 Evaluate

Nifty continued its pessimistic trade for second consecutive day and closed the session with cut of over a percent on Monday due to escalating geopolitical jitters in west Asia and subsequently surging crude oil. Market made a gap-down start and remained under pressure throughout the day, as traders were concerned with fresh military exchanges between Israel and Iran, which dampened hopes of a potential US-Iran peace agreement. Besides, sentiments remained downbeat as Foreign Institutional Investors remained net sellers in the Indian equity market, offloaded equities worth Rs 8,776.25 crore on June 05, 2026. Further, traders remained cautious as the Reserve Bank of India (RBI) Governor Sanjay Malhotra cautioned that the projected shortfall in south-west monsoon rainfall could weigh on rural demand and private consumption.

All sectorial indices ended in red. The top gainers from the F&O segment were Max Healthcare Institute, Alkem Laboratories and Fortis Healthcare. On the other hand, the top losers were Wipro, Muthoot Finance and GE Vernova T&D India. In the index option segment, maximum OI continues to be seen in the 23900 - 24100 calls and 22900 - 23100 puts indicating this is the trading range expectation.

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