Indian stock markets faced a sharp sell-off on September 8, 2026, with the Sensex closing 555 points lower at 75,577 and the Nifty dropping 144 points to 23,635.
The market decline was driven by rising global oil prices, which neared $100 per barrel due to escalating tensions in West Asia, and increased volatility during the closing auction.
Major laggards included ICICI Bank and Axis Bank, as investors reacted to the geopolitical uncertainty and the potential for sustained inflationary pressure on the Indian economy.