Mumbai, May 26 -- Domestic equity markets closed lower on Tuesday as investor sentiment weakened sharply after renewed US military operations involving Iran dampened optimism surrounding a possible peace agreement in West Asia.

The NSE Nifty 50 index closed at 23,913.70, down 118.00 points or 0.49 per cent, while the BSE Sensex ended at 76,009.70, declining 479.26 points or 0.63 per cent.

Market experts said the renewed geopolitical tensions and concerns over energy supply disruptions weighed heavily on investor confidence.

Ponmudi R, CEO of Enrich Money said "The renewed strain on ceasefire efforts and continuing disruptions around the Strait of Hormuz revived fears of a prolonged energy crisis, with investors increasingly concerned t...