Stock markets decline in early trade on renewed US-Iran tensions, spike in crude oil prices

MUMBAI: (Jul 8) Benchmark indices Sensex and Nifty tumbled in early trade on Wednesday amid renewed US-Iran tensions and a fresh spike in crude oil prices.

The 30-share BSE Sensex tanked 537.83 points to 77,642.89 in early trade. The 50-share NSE Nifty was down 163.55 points to 24,235.15.

From the Sensex pack, Asian Paints, InterGlobe Aviation, Reliance Industries, ITC, Bajaj Finance and Mahindra & Mahindra were among the major laggards.