Key indices Nifty50 declined over 50 points to trade below 18,000 levels and the S&P BSE Sensex lowered over 250 points to trade at 60,609 levels.
Broader markets, however, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices climbed up to 0.5 per cent.
All sectors shifted between gains and losses. Nifty PSU Bank, Nifty Media, and Nifty FMCG indices were at the fore-front as they surged up to 1 per cent. Nifty IT, Nifty Realty, and Nifty Pharma indices, however, slipped up to 1 per cent.
Among individual stocks, shares of M&M Financial Services soared over 9 per cent despite 55 per cent YoY decline in net profit to Rs 492 crore in Q2FY23. READ MORE
Besides, shares of JK Paper gained over 1 per cent after the company registered a more than two-fold increase in consolidated net profit to Rs 326.9 crore in Q2FY23.
