On the basis of continuous selling by market investors despite weakness across Asian rivals, Indian stock benchmarks continued to trade weakly in the mid-day session.

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In the fiscal year that ended on March 31, India’s crude oil import bill then doubled to $119 billion, as global energy prices skyrocketed after the return of demand and the crisis in Ukraine.

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All Asian markets were trading lower with Nikkei 225 slipping 514.48 points or 1.9% to 26,590.78, KOSPI fell 45.29 points or 1.67% to 2,659.42, Jakarta Composite lost 10.14 points or 0.14% to 7,215.47, Taiwan Weighted dropped 404.19 points or 2.37% to 16,620.90, Hang Seng decreased 732.49 points or 3.55% to 19,906.03, Straits Times trembled 15.57 points or 0.46% to 3,345.54 and Shanghai Composite was down by 136.33 points or 4.42% to 2,950.59.

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The Sensex is presently trading at 56,719.10, down 478.05 points or 0.84% from its low of 56,412.14 and high of 56,875.65. On the index, there were four equities that rose against 26 that fell.

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The broader indices were trading in red; the BSE Midcap index lost 1.65%, while the Small cap index was down by 1.35%. The only gaining sectoral indices on the BSE were Bankex was up by 0.27%, Realty down by 3.39%, Metal down by 3.25%, Telecom down by 2.51%, PSU down by 2.11% and Basic Materials was down by 1.95% were the top losing indices on BSE.

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The top gainers on the Sensex were ICICI Bank up by 1.76%, Axis Bank up by 0.80%, Maruti Suzuki up by 0.79% and Mahindra & Mahindra was up by 0.42%. On the flip side, Tata Steel down by 3.38%, Tech Mahindra was down by 2.95%, Dr Reddy’s Lab down by 2.60%, ITC down by 2.49% and NTPC was down by 2.34% were the top losers.

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The Nifty is presently trading at 16,966.90, down 205.05 points or 1.19% after trading in a range of 16,928.60 and 17,054.30. On the index, there were 5 equities that rose against 45 that fell.

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The top gainers on the Nifty were ICICI Bank up by 1.34%, Bajaj Auto up by 0.72%, Maruti Suzuki up by 0.67%, Axis Bank up by 0.48% and Mahindra & Mahindra was up by 0.14%. On the flip side, BPCL was down by 5.69%, Coal India down by 4.58%, SBI Life Insurance down by 3.94%, Tata Steel down by 3.40% and Hindalco down was by 3.31% were the top losers.