MARKET LIVE: Sensex sheds 200pts, Nifty50 below 17,450; IndusInd slips 3%- QHN

Key indices Nifty50 declined over 50 points to trade below 17,450 levels and the S&P BSE Sensex lowered over 200 points to trade at 58,873 levels.
All sectors plunged in the sea of red as investors’ risk appetite worsened. Nifty Auto, Nifty Metal, and Nifty Consumer Durables indices declined the most – over 1 per cent.

Among individual stocks, shares of Nestle India gained over 1 per cent after the company posted 8.3 per cent YoY growth in net profit to Rs 668 crore in Q3, above street estimates.

Besides, profit-booking was seen in Shoppers Stop as shares dropped over 8 per cent after the company clocked 57.7 per cent YoY revenue growth to Rs 1,012.7 crore in Q2FY23.

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