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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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.