Mumbai, May 19 -- Domestic equity markets closed with marginal losses on Tuesday as investor sentiment remained cautious amid concerns over inflationary pressures, elevated crude oil prices and ongoing geopolitical tensions in West Asia.

The Nifty 50 index closed at 23,618 with a decline of 31.95 points or 0.14 per cent, while the BSE Sensex ended at 75,200.85, down by 114.19 points or 0.15 per cent.

Market experts said that although there was initial optimism after reports suggested the United States had temporarily halted plans for military action against Iran, caution returned later in the session.

Vinod Nair, Head of Research at Geojit Investments, said domestic equity indices erased early gains and ended in the red despite the pos...