Market Live

• The S&P 500 and Nasdaq Composite initially saw a boost on Monday driven by a rally in chip stocks. • On Tuesday, the broad S&P 500 tumbled by more than 1%, signaling a wider market selloff. • "Old-economy" sectors remained resilient during the downturn, with the iShares U.S. Healthcare ETF (IYH) rising 0.7% and the State Street SPDR S&P Bank ETF (KBE) climbing approximately 1%.

• European stock indices remained largely flat or recovered slight losses during the morning session on June 8, 2026. • Market activity was characterized by light changes across major indices, while U.S. futures showed an upward trend. • Investors are reacting to developments regarding a potential ceasefire, though uncertainty remains about the long-term stability of the agreement.

• Indian stock markets crashed on Monday, with the Sensex dropping 800 points and the Nifty falling below 23,150. • The downturn extended to broader markets, as the Nifty MidCap and Nifty SmallCap indices both declined by approximately 1.5%. • The crash is attributed to geopolitical instability following Iran's attacks on Israel, triggering a wider Asia-Pacific sell-off including South Korea’s Kospi, which plunged 8%.

• The BSE Sensex and Nifty50 are expected to open lower today, as indicated by GIFT Nifty trends. • This negative outlook is driven by escalating geopolitical tensions involving the US, Israel, and Iran, which have also caused crude oil prices to rise. • Market volatility is anticipated throughout the week as equities react to a combination of domestic developments and overseas factors.

• Oil prices have increased following a series of missile attacks launched by Iran against Kuwait and Bahrain. • A new U.S. proposal targets 16 economies, including Canada, Mexico, the EU, Taiwan, and the UK, with 10% tariffs due to alleged failures in enforcing forced labor bans. • Additional import duties of 12.5% are proposed for several other nations, including China, Japan, India, South Korea, and Switzerland.

• Global stocks retreated from record highs on June 4 after Broadcom Inc. issued a weak forecast, dampening the artificial-intelligence trade. • Broadcom shares tumbled 14% in extended trading, contributing to a 0.5% drop in Nasdaq 100 futures. • Asian markets were hit hard, with MSCI’s index for Asian shares falling 1.6% and South Korea’s Kospi dropping 1.7%, ending a four-day rally.

• The Indian stock market experienced a sharp recovery on Wednesday afternoon following a significant crash earlier in the trading session. • Investor sentiment was boosted by media reports suggesting the government plans to reduce taxes and remove ownership caps on certain bonds. • This volatility highlights the market's sensitivity to potential fiscal policy changes and government interventions regarding bond ownership.