Mumbai, May 12 -- The shadow of the West Asia conflict continued to hammer Indian markets on Tuesday as escalating tensions in the region, surging crude oil prices, relentless foreign fund outflows, a plunging rupee, and Prime Minister Narendra Modi's call for economic restraint rattled investor sentiment.

The uncertainty triggered a broad-based selloff, deepening anxiety over the impact a prolonged conflict could have on prices, supply chains and, ultimately, household wallets.

On Tuesday, the Sensex tumbled 1.9% while the Nifty 50 fell 1.8%, extending its losses over four successive sessions to 4%. Investor wealth worth Rs.10.95 trillion was wiped out in a single day as selling pressure hammered BSE-listed companies.

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