Mumbai (Maharashtra) [India], Indian stock markets closed with a third consecutive weak session on Tuesday, in line with global market weakness following the escalation of the Iran-Israel conflict. Nifty closed 0.56% lower at 22,147.90, while BSE Sensex closed 0.56% lower at 22,147.90. The biggest decline was seen in the IT sector in Tuesday's trading session with a decline of 0.62 at 72,943.68, a decline of 2.53. The broader market outperformed the benchmarks, with the BSE Midcap index up 0.05% and the BSE Smallcap index up 0.57%. “The two key factors impacting the market are geopolitical risks, the expansion of the Middle East conflict and the disruption it may cause."The reason for the reduction in crude oil supply. The second factor is the strong US economy based on a strong US consumer. This coupled with persistent inflation has led to a rise in bond yields and a strengthening of the US dollar." Banking and stock market expert Ajay Bagga said top gainers in the Nifty 50 included Eicher Motors, Divis Laboratories, Titan ONGC and Hindustan Unilever, while Infosys, LTI Mindtree, IndusInd Bank, Bajaj Finserv and Wipro were among the major laggards. . Stocks closed significantly lower on Monday amid concerns of escalating tensions between Iran and Israel.US retail sales in March exceeded expectations, indicating that the Federal Reserve will not rush to cut interest rates this year,'' said Varun Agarwal, MD, Profit Idea, in the Asian market too. Stocks closed lower on Tuesday and the dollar rose to its highest level in more than five months. This was driven by stronger-than-expected US retail sales for March, according to market analysts Meanwhile, rising geopolitical tensions boosted gold and oil prices, the dollar index rose, and the yen fell to a 34-year low. Stayed close. The focus has not been on China's GDP data and other economic indicators.In commodities, US crude and Brent oil prices rose due to Middle East tensions, while the spot market witnessed marginal gains. The stock market will remain closed tomorrow on the occasion of Ram Navami. Now business will resume on Thursday.