Mumbai, May 5 (BNP): Indian equity markets closed lower on Tuesday as renewed geopolitical tensions in the Strait of Hormuz and concerns over the fragile US-Iran ceasefire weighed on investor sentiment.
Benchmark indices came under selling pressure during a volatile trading session, with broader risk aversion also driven by a weakening rupee, which hit a record low against the US dollar amid rising crude oil prices.
The 30-share BSE Sensex ended the day down 251.61 points, or 0.33%, at 77,017.79. During intraday trade, the index had fallen as much as 754.37 points to 76,515.03 before recovering some losses.
Market participants remained cautious as elevated oil prices and global uncertainty added to concerns over inflationary pressures and foreign capital flows.
