Ripples advisory, Market Live: Sensex erases opening gains, Nifty hovers around 9650

Equity benchmarks erased opening gains due to further selling in technology, oil and select banks stocks. Investors maintained cautious stance ahead of UK elections and Comey testimony.

The 30-share BSE Sensex was down 31.13 points at 31,240.15 and the 50-share NSE Nifty fell 12.30 points to 9,651.60.

TCS fell 2.4 percent as Nomura downgraded the stock to reduce from neutral, with implied downside of 18 percent, citing mismatch between fundamentals and recent stock price rise.

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