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  • Sensex and Nifty closed below 58,800 and 17,500, respectively, shedding almost 1.5% on Monday
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Sensex and Nifty closed below 58,800 and 17,500, respectively, shedding almost 1.5% on Monday

| Aug 22, 2022, 03:57:29 PM | ET Now
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Indian benchmark indices reacted sharply to the piling negative global cues and sank around 1.5% on Monday. Sensex lost 872 points to close at 58,773. Nifty ended below 17,500 points with an overall loss of 267 points. All sectoral indices ended in the red. Metal, Auto, IT, and Bank indices led the race to the bottom. FMCG tried to remain afloat throughout the day but gave up towards the end of the session to be on the negative side.

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‘BIGGEST EMBARRASSMENT’ For Trump, ‘Forced To Cancel’ Envoys’ Islamabad Trip After Brutal Iran Snub

Diplomatic tensions escalate as US President Donald Trump faces embarrassment after Iran walks away from backchannel talks in Pakistan. The planned visit by US envoys was abruptly cancelled following Iran’s decision to exit discussions before they could begin. Trump defended the move, calling the negotiations a “waste of time,” while insisting Washington still holds leverage. Meanwhile, Iranian officials questioned US intentions and continued their diplomatic outreach through regional partners. With both sides trading mixed signals and negotiations collapsing before formal engagement, the fragile peace process appears stalled, raising fresh uncertainty over the future of US–Iran relations and regional stability.

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