Indian market indexes traded down in the afternoon session as investors remained on edge due to increased uncertainty surrounding Ukraine and soaring crude oil prices. Higher crude prices have damaged sentiment since they will feed already growing inflation across economies.

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On the global front, Asian markets were trading mostly lower with Taiwan Weighted dropping 30.65 points or 0.17% to 17,867.60, Shanghai Composite declined 8.35 points or 0.24% to 3,480.48, Jakarta Composite lost 40.39 points or 0.58% to 6,881.05, Nikkei 225 slipped 451.69 points or 1.68% to 26,393.03, Straits Times trembled 19.44 points or 0.59% to 3,259.19 and Hang Seng was down by 290.95 points or 1.28% to 22,470.76. On the flip side, KOSPI was up by 4.34 points or 0.16% to 2,703.52.

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The Sensex is presently trading at 55,138.44, down 1,108.84 points or 1.97% from a low of 55,137.67 and a high of 55,755.09. On the index, there were 5 stocks that advanced and 25 stocks that declined.

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The broader indices were trading in red with the BSE Midcap index losing 0.30%, while the Small cap index was down by 0.08%. The top gaining sectoral indices on the BSE were Metal up by 3.92%, Utilities up by 1.19%, Power up by 1.02%, Oil & Gas up by 0.96% and Basic Materials was up by 0.75%, while Bankex down by 3.20%, Auto down by 2.14%, Telecom down by 1.68%, Consumer Discretionary down by 1.46% and Healthcare was down by 1.28% were the top losing indices on BSE.

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The top gainers on the Sensex were Tata Steel up by 4.71%, Titan Co up by 1.54%, Mahindra & Mahindra up by 0.40%, Reliance Industries up by 0.12% and Power Grid was up by 0.10%. On the flip side, Maruti Suzuki down by 5.21%, Asian Paints down by 4.93%, ICICI Bank down by 4.20%, HDFC Bank down by 4.07% and Dr Reddy’s Lab was down by 3.58% were the top losers.

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The Nifty is presently trading at 16,511.95, down 281.95 points or 1.68% after ranging between 16,508.60 and 16,678.50. On the index, there were 12 stocks that advanced and 38 stocks that declined.

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The top gainers on Nifty were Coal India up by 6.75%, Hindalco up by 5.56%, Tata Steel up by 4.88%, SBI Life Insurance up by 4.31% and HDFC Life Insurance was up by 4.07%. On the flip side, Maruti Suzuki is down by 5.24%, Asian Paints down by 5.10%, ICICI Bank down by 4.27%, HDFC Bank down by 4.11% and Bajaj Auto was down by 3.69% were the top losers.