Indian shares were sharply lower in early trade on Monday after U.S. President Donald Trump and Iran rejected each other's latest peace proposals to end the war in the Middle East, keeping the Strait of Hormuz largely closed and raising doubts about the durability of a fragile ceasefire.
The benchmark BSE Sensex tumbled 1,055 points, or 1.36 percent, to 76,272 while the broader NSE Nifty index was down 280 points, or 1.2 percent, at 23,894.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.