Sensex crashes 1,000 points as US-Iran peace talks hit deadlock:Trump rejects Iran’s proposals; oil prices surge

Markets on Dalal Street opened on a cautious note on Monday, 11 May, 2026, as oil prices surged following US President Donald Trump’s statement that Iran’s response to the peace proposals was totally unacceptable. The 30-company Sensex tumbled over 1,000 points to 76,284.04 level. Similarly, the 50-company Nifty dipped below the crucial 24,000 level. Oil boils The Iranian administration responded to the peace proposals sent by the United States via Pakistan to end the West Asia war. Subsequently, the prices of the global oil benchmark, Brent crude, jumped over 4% to $105.6 per barrel. Stocks like Titan, IndiGo, SBI, Eternal, MM, Bharti Airtel, Maruti and Bajaj Finserv were among the major losers on the Sensex. Sectorally, on the NSE, all indices traded in the red with Nifty Consumer Durables falling the most by 2.99%. Asian markets mixed Foreign investors sold shares worth ₹13,908 crore in the last 7 days Note: FIIs and DIIs net buying/selling figures are in crores of rupees. Rupee crashes 145 paise Rupee crashes 145 paise to 94.96 against the US dollar on Monday. The share markets in India had closed lower on Friday, 8 May, 2026, as well. Sensex ended 516.33 points lower at 77,328.19 points. Similarly, Nifty lost 0.62%.