The Indian stock market erased all morning gains, with Sensex and Nifty closing in the deep red even as oil prices slipped.
Sensex lost 183 points to close at around 77,473 while Nifty 50 dropped 127 points or more than half a percent to end the session below 24,208. Broader markets ended mixed, with Nifty Smallcap 100 rising 0.8% while Nifty Midcap slipped into the red.
