Markets@Moneycontrol: Main indices erase gains in late trade, close negative for third session in a row

Benchmark indices wiped out gains in last hour of trade after further correction in rupee that fell a percent intraday against the US dollar.

The 30-share BSE Sensex was down 71.07 points at 33,703.59 and the 50-share NSE Nifty declined 18 points to 10,360.40.

The market breadth was weak as about 1,464 shares declined against 1,261 advancing shares on the BSE.

 For more, watch the Markets@Moneycontrol show as Moneycontrol Research analyst Shishir Asthana decodes what moved the markets today.