Buy or sell stocks, June 8 -- Indian benchmark indices Sensex and Nifty 50 are likely to open on a weak note on Monday, tracking a sharp selloff in global markets amid escalating tensions in the Middle East and fading hopes of a near-term resolution to the broader US-Iran conflict.

Gift Nifty was trading around 23,096 level, a discount of nearly 356 points from the Nifty futures' previous close, indicating a gap-down start for the Indian stock market indices.

Asian equities traded lower in early deals, while Wall Street witnessed a steep decline on Friday, with the Nasdaq recording its biggest single-day percentage drop since April 2025, as investors turned risk-averse amid geopolitical uncertainty and concerns over higher interest rate...