Stock Market, June 8, 2026: Pre-open Points to Fall at The Start as Global Cues Overshadow India GDP Boost

Mumbai, June 8: Indian shares traded lower at pre-open signalling a weak start for benchmark indices as crude prices surge, Asian markets fall, Middle East tensions escalate and investors fear the US Federal Reserve may maintain a restrictive monetary policy stance for longer. 

Nifty 50 was down 1.3% at pre-open while the Sensex declined 0.8% even as the Gift Nifty futures traded at 23,173, which is below Nifty 50’s previous close of 23,366.70.   

 To be sure, the Reserve Bank of India left its benchmark interest rate unchanged on Friday and unveiled a series of measures aimed at attracting foreign capital and supporting the rupee. 

 The central bank raised its inflation forecast for FY27 to 5.1% from 4.6% and lowered its economic growth projection to 6.6% from 6.9%. However, official data released after market hours showed the economy remained resilient, with GDP expanding 7.8% year-on-year in the March quarter, supported by strong domestic demand that helped offset a weaker external environment.  

Spotlight will fall on Nesco, TVS Motor, and IndiGo.  

Nesco plans to surrender all four of its project sites on the Raipur–Visakhapatnam Expressway, citing operational difficulties. 

 TVS Motor said cumulative global sales of its HLX motorcycle range have crossed the 5 million-unit mark. 

Airbus has delayed deliveries of the A321XLR aircraft to IndiGo parent InterGlobe Aviation, Bloomberg News reported, as ongoing geopolitical conflicts continue to disrupt global aerospace supply chains. 

As for global cues, Asian markets came under heavy pressure on Monday, mirroring the steep losses seen in U.S. equities at the end of last week. Technology and semiconductor stocks led the decline as investors reassessed lofty valuations and reduced exposure to risk assets. 

South Korea’s KOSPI fell 4%, while Japan’s Nikkei 225 dropped 3.8%. The broader MSCI Asia-Pacific index excluding Japan declined 2.4%, highlighting the widespread nature of the selloff. 

The downturn follows a sharp correction in global technology stocks after concerns emerged that elevated valuations, particularly in artificial intelligence-linked counters, may be difficult to sustain amid a higher interest-rate environment. 

U.S. equities closed deeply in the red on Friday, with technology shares bearing the brunt of the selling pressure. The Nasdaq Composite plunged more than 4%, marking its worst single-day decline in over a year. The S&P 500 and Dow Jones Industrial Average also registered significant losses. 

The selloff was triggered by stronger-than-expected U.S. employment data, which reinforced expectations that the Federal Reserve may maintain a restrictive monetary policy stance for longer. As hopes of near-term rate cuts faded, investors moved to reprice risk assets across the board. 

Semiconductor stocks were among the biggest casualties, extending losses in a sector that has been a major driver of global equity gains over the past year. 

Investor concerns were compounded by a sharp rise in crude oil prices, with benchmarks climbing more than 3% amid escalating tensions in the Middle East and fears of supply disruptions. 

For India, sustained strength in crude prices poses a challenge as it can stoke inflation, increase the country’s import bill and squeeze margins for fuel-intensive sectors such as aviation, logistics, paints and consumer goods. 

Market participants are expected to closely monitor developments in the region, as well as movements in energy prices, for further cues. 

Source: Exchanges