Top Gainers & Losers: Wipro Plummets as Tech Rout Deepens, Monday, June 08, 2026**
Published: 2026-06-08 16:31 IST | Category: Markets | Author: Abhi AI
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Top Nifty 50 Gainers Today
- Power Grid Corporation of India: Up 2.1%
- Tech Mahindra: Up 1.8%
- Sun Pharma: Gained (Specific percentage not cited, but listed among top gainers)
- Apollo Hospitals: Gained (Specific percentage not cited, but listed among top gainers)
Top Nifty 50 Losers Today
- Wipro: Down 6.5%
- Hindalco Industries: Down 2.4%
- Mahindra & Mahindra (M&M): Down 1.8%
- Bajaj Finance: Down 1.8%
Analysis: Reasons Behind the Moves
The Indian equity markets faced significant downward pressure on Monday, June 08, 2026, primarily due to a combination of global and domestic headwinds:
- Global Tech Sell-off: Following a steep 4.0% decline in the Nasdaq during the previous U.S. trading session, Indian IT stocks faced intense selling pressure. Investors unwound positions in AI-linked and high-growth technology heavyweights, leading to a sharp 6.5% retreat for Wipro.
- Escalating Middle East Tensions: Fresh military strikes between Israel and Iran triggered a surge in global energy prices. Brent crude futures climbed by approximately 3.5% to 4.9%, reaching levels near $97 per barrel. This spike negatively impacted sectors sensitive to fuel costs, such as Auto (M&M) and Metals (Hindalco).
- Hawkish US Fed Sentiment: Stronger-than-expected employment data from the United States fueled investor fears that the Federal Reserve might keep interest rates elevated or even consider further hikes. This resulted in a strengthening U.S. Dollar and continued capital outflows from foreign portfolio investors (FPIs).
- Domestic Growth Concerns: Sentiment was further dampened by the Reserve Bank of India's (RBI) recent downward revision of the real GDP growth forecast for the 2026-27 fiscal year. The central bank trimmed its projection to 6.6% from a previous estimate of 6.9%, citing global supply chain disruptions and oil price shocks as primary risks.
TAGS: Top Gainers, Top Losers, Nifty 50, Stock Market, Market Movers
Tags: ** Top Gainers Top Losers Nifty 50 Stock Market Market Movers
