Mumbai, May 12 -- The turmoil in the Indian stock markets continued on Tuesday as both benchmark indices closed sharply lower amid rising concerns over the escalating tensions in West Asia, elevated crude oil prices and weakness in the Indian rupee against the US dollar.

The NSE Nifty 50 index closed at 23,379.55, down by 436.30 points or 1.83 per cent, while the BSE Sensex ended at 74,559.24, registering a decline of 1,456.04 points or 1.92 per cent.

Market experts said that domestic equities remained under pressure due to record lows in the rupee, rising crude prices and continued foreign institutional investor (FII) outflows.

Vinod Nair, Head of Research at Geojit Investments, said, "Domestic equities remained under pressure, with t...