On Tuesday, Indian stock markets faced a notable decline, with the Sensex falling by 555 points to close at 75,577. The Nifty also suffered a loss of 144 points, wrapping up at 23,635. Key factors such as escalating crude oil prices, fueled by unrest in the Middle East, and a weakening rupee significantly impacted market performance. The rupee settled at 94.83 per dollar, signaling a strong risk-averse attitude among investors.