Sensex, Nifty erase early gains; RIL, Kotak Bank gain ahead of Q1 nos

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Equity benchmarks erased early gains, with the Sensex falling below 32,000 level and the Nifty hovering around 9900.

Ahead of June quarter earnings, Kotak Mahindra Bank, Reliance Industries and Wipro gained up to 1.7 percent while Bajaj Auto fell 0.4 percent.

The 30-share BSE Sensex was down 1.26 points at 31,954.09 and the 50-share NSE Nifty fell 3.45 points to 9,896.15 whlie the broader markets were flat with a positive bias.

About 1,155 shares advanced against 897 declining shares on the BSE.

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