Stock Market Crash Highlights: Sensex slumps 1,677 points, Nifty ends below 23,900 as renewed US-Iran tensions rattle markets

• Citigroup Inc. is preparing for its next earnings cycle amidst a complex macroeconomic environment and a broad global banking footprint. • The company is currently undergoing a significant organizational restructuring aimed at improving operational efficiency and simplifying its business model.

• Federal Reserve meeting minutes from June reveal that policymakers observed mounting concerns regarding inflation. • Officials discussed a proposal to end "forward guidance" and shorten the official statement to provide less specific commentary on future rate decisions.

• National Bank Financial analyst Cameron Doerksen has issued a cautious outlook on Bombardier Inc. (BBD.B-T) ahead of its second-quarter financial results. • While Doerksen acknowledges that market conditions remain strong and a weaker Canadian dollar has likely boosted the stock, he warns that the company's valuation is now "looking elevated."

• The Federal Reserve's rate-setting committee decided to keep its key interest rate unchanged during its most recent meeting. • Minutes released Wednesday reveal a split among officials regarding whether inflation will remain elevated or cool down following the conclusion of the Iran war.

• Oil-sensitive Indian stocks, including IndiGo and HPCL, plunged by up to 5% following US airstrikes on Iran. • The market downturn was triggered by rising crude oil prices and the reinstatement of sanctions on Iranian oil sales.

• The Federal Reserve released the official minutes from the Federal Open Market Committee (FOMC) meeting conducted on June 16–17, 2026. • These documents provide a detailed record of the discussions and deliberations held by the central bank's policymakers regarding the U.S. monetary system.

• Asian stock markets, including Japan's Nikkei and South Korea's KOSPI, declined on Wednesday as investors shifted away from high-valuation assets. • The downturn was primarily driven by a sell-off in semiconductor shares and AI-related stocks that occurred earlier in the week.

• Indian equity markets experienced a sharp sell-off on July 8, 2026, with the Sensex and Nifty 50 both sinking over 2% during the final hour of trading. • The crash was triggered by US President Donald Trump announcing that negotiations with Iran had ended and confirming renewed US strikes on Iranian targets, sparking fears of rising oil prices.

• South Korea's KOSPI index has entered a bear market as investors sell off major chip stocks despite strong fundamental performance. • The crash occurred even as Samsung issued record profit guidance and SK Hynix saw strong demand for its $28 billion US listing.

• The Nikkei 225 index plunged over 800 yen to the 67,400 range on July 8, following a significant drop in South Korea's KOSPI, which tumbled more than 5%. • Trading activity on the Tokyo Stock Exchange Prime Market remained high, with a preliminary trading value of approximately ¥7.81 trillion ($48.1 billion) and 1.48942 billion shares traded by 2:00 p.m.

• Indian stock markets are expected to open lower, with GIFT Nifty indicating a gap-down opening of nearly 160 points. • The decline follows a downturn on Wall Street, where technology and semiconductor stocks plummeted after Samsung's earnings update and reports of DeepSeek's AI chip development.