MARKET LIVE: Sensex tests 60K, down 700 pts; Nifty near 17,900

The S&P BSE Sensex hovered around the 60,000-mark, and was down around 700 points. The Nifty50 languished below the 17,900 level.
 

In the broader market, the BSE MidCap and SmallCap indices declined up to 0.8 per cent.

Sectorally, the Nifty PSU Bank index dropped 2.2 per cent, followed by the Nifty IT index (down 1.6 per cent). On the upside, the Nifty Auto added 0.7 per cent.

Among individual stocks, shares of TCS (Tata Consultancy…