On June 8, Indian equity benchmarks continued their downward trend, with the Sensex falling by 719.08 points (0.97%) to close at 73,524.26, and the Nifty dropping 243.70 points (1.04%) to 23,123. This decline was influenced by rising crude oil prices, which exceeded USD 97 per barrel due to heightened tensions in West Asia, particularly between Iran and Israel. The market opened lower, reflecting weakness in global equities, and despite brief recovery attempts, selling pressure intensified towards the close. All sector indices ended in the red, with Realty and Metal sectors suffering the most, each declining over 2%. Notably, over 140 stocks reached their 52-week highs, while more than 100 hit their lows. Foreign fund outflows continued, with investors selling ₹37,744 crore in the first week of June alone. However, some positive domestic developments were noted, including the RBI's move to support foreign currency deposits and easing governance concerns at HDFC Bank. The market outlook remains uncertain, heavily influenced by global oil prices and geopolitical developments, although strong domestic growth and institutional buying may provide some support.