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Stock markets slump in early trade tracking sharp fall in global equities, spike in oil prices

Mumbai, Jun 8 (PTI) Stock market benchmark indices Sensex and Nifty tumbled in early trade on Monday, tracking a sharp decline in global equities and a fresh spike in crude oil prices, amid simmering tensions in West Asia. The 30-share BSE Sensex tumbled 724.95 points to 73,518.39 in early deals. The 50-share NSE Nifty dropped 222.45 points to 23,138.60. From the 30-Sensex firms, Mahindra & Mahindra, Tata Consultancy Services, InterGlobe Aviation, Trent, Bajaj Finance and Eternal were among the biggest laggards. Power Grid, Sun Pharma, State Bank of India and Axis Bank were the winners. Brent crude, the global oil

Rupee falls 17 paise to 95.35 against US dollar in early trade

Mumbai, Jun 8 (PTI) Rupee fell 17 paise to 95.35 against US dollar in early trade on Monday, weighed down by the strength of the American currency in the overseas market amid strong US economic data and continuing geopolitical uncertainty. Forex traders said elevated Brent crude prices dented investor sentiments. Crude oil prices surged after Iran launched multiple rounds of missiles toward Israel, raising concerns about the stability of the region and the durability of ceasefire efforts. Investors are also monitoring developments in West Asia and awaiting key economic data from the US, which could set the path for fresh

A 7.8 magnitude earthquake rocks the southern Philippines, causing some damage and 1-meter tsunami

MANILA, Philippines, June 8, 2026 (AP) — A magnitude 7.8 earthquake centered at sea shook part of the southern Philippines early Monday, causing damage in a key coastal city, knocking down power and setting off 1-meter (3-foot) tsunami waves along nearby coasts, officials said. President Ferdinand Marcos Jr. asked people to immediately go to higher ground in Philippine areas vulnerable to a tsunami, and Indonesian and Malaysian authorities also issued warnings to their nearby coastal areas. There were no immediate reports of casualties, and it was not clear if people were trapped or injured in the collapse of at least

India Inc hikes prices, shrinks packs as Iran war squeezes margins

CHENNAI/BENGALURU, June 8 (Reuters) – From smaller packs on shelves to higher prices at checkout, Indian companies are ​scrambling to protect their margins as surging oil, freight and insurance costs – and strained household budgets – pile on pressure. The ‌U.S.-Israeli war on Iran has disrupted trade routes and lifted input costs globally, hitting import-reliant economies like India harder, where a weaker rupee is adding to inflation and complicating pricing decisions as demand remains uneven. “We are among the world’s most vulnerable countries,” economist Jayati Ghosh said, warning higher oil and fertiliser costs, weaker Gulf demand, softer ​remittances and potential

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