Sensex, Nifty erase gains; ADAG stocks rally, Reliance Comm up 45%

Epic Update Reliance Communications

Benchmark indices erased gains in late trade, dragged by HDFC Bank and Reliance Industries.

The 30-share BSE Sensex was down 48.83 points at 33,787.91 and the 50-share NSE Nifty fell 15.80 points to 10,447.40.

About 1,597 shares advanced against 978 declining shares on the BSE.

Anil Dhirubhai Ambani Group stocks rallied, following the upsurge in Reliance Communications that shot up 45 percent.

Reliance Infrastructure, Reliance Naval, Reliance Capital and Reliance Power gained 7-12 percent.

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