India, May 11 -- 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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