MARKET LIVE: Sensex down 450pts, Nifty tests 17,000; SBI, L&T slip 2%

Domestic equity markets edged lower in Thursday’s intra-day trade amid weak global cues, and subdued foreign flows. Nifty50 declined over 150 points to test 16,950 levels while the S&P BSE Sensex fell over 500 points to hit a low of 57,056 levels.

Broader markets, too, plunged in tandem as Nifty MidCap 100 and Nifty SmallCap 100 declined up to 1 per cent. Volatility gauge, India VIX, meanwhile, climbed over 3 per cent.

All sectors traded…