Stock market today, July 8 -- Indian benchmark indices opened lower on Wednesday as renewed tensions between the US and Iran dampened global risk sentiment and pushed crude oil prices higher, raising concerns for India, the world's third-largest crude oil importer.

The Nifty 50 declined 0.57% to 24,259.55, while the BSE Sensex slipped 0.47% to 77,816.45 in early trade.

Selling pressure was broad-based, with all 16 major sectoral indices trading in the red. The broader markets also remained weak, with the Nifty Midcap and Smallcap indices falling around 0.5% each.

Asian markets traded subdued following overnight losses on Wall Street, while Brent crude climbed 2.6% to $76.1 per barrel, extending the previous session's gains after the US...