Indian stock markets opened lower on Tuesday, with the Sensex plunging over 700 points to 75,307 and Nifty dropping 194 points to 23,626. The decline was exacerbated by the Indian rupee hitting a record low of 95.55 per dollar, influenced by geopolitical tensions following US President Donald Trump's rejection of Iran's peace proposal. Oil prices also surged, with Brent crude exceeding $105 per barrel, raising concerns for India's economy as a net energy importer. The market sentiment was further dampened by continued foreign institutional investor (FII) selling, which totaled ₹8,438 crore over the previous session. Analysts suggest that the market will closely follow crude oil trends and global risk sentiment, while stock-specific movements may remain firm during the earnings season. Despite the bearish trend, domestic liquidity is providing some support to the market.