News

Post Market Update- Geopolitical tensions drag markets lower

Stocks in the news-

1. SEPC to acquire up to 90% stake in UAE-Based Avenir Via a Share Swap Transaction.

2. Ceigall India gets order worth Rs. 705 Cr from Road Ministry.

Indian indices-

The benchmark indices ended sharply lower on July 08, 2026, as investor sentiment turned negative after geopolitical tensions escalated in the Middle East. Rising oil prices and increased global uncertainty dragged Indian markets deep into the red. Sectoral performance remained broadly weak, with all major indices ending in the red. At close, the Sensex was down 1,677.12 points or 2.15% at 76,503.60, and the Nifty was down 516.65 points or 2.12% at 23,882.05.

Rupee closed at 95.56/$ Vs Tuesday’s close of 94.97/$.

Buzzing stocks on BSE-

1. EMS gained 1.87% to Rs. 410.25, after company bagged Rs. 158 cr order from Delhi Jal Board for sewerage work.

2. SEPC fell 2.84% to Rs. 6.49, after board approval for acquiring 90% stake in Avenir International.

3. Ideaforge Technology surged 3.64% to Rs. 868.50, after the company the launch of qualified institutional placement for equity shares with a floor price of Rs 835.86 per equity share.

4. Embassy Development rose 2.34% to Rs. 63.80, after the company's pre-sales surged 338% to Rs 868 crore in Q1 FY27 compared with Rs. 198 crores in Q1 FY26.

Global Signals-

Asian stock markets mostly declined as investors remained cautious of AI-related stocks following a valuation-led sell-off in.

Europe stocks fell after Trump casts doubts over US-Iran deal.