MARKET: Sensex off lows, down 500 pts; Nifty tests 17,900; IT index down 3%

Domestic equity markets traded in negative territory amid weak global cues on Wednesday, however, trimmed opening losses supported by fresh bets in heavyweights like ITC, Maruti Suzuki, and Asian Paints. Frontline indices Nifty50 declined over 100 points to trade below 17,950 levels, whereas the S&P BSE Sensex slumped over 500 points to trade at 60,051 levels. […]