Mumbai May 15 (IANS) The key Indian equity indices erased all their early gains and were trading in the red zone on Tuesday.
At 2.27 p.m. the wider 50-scrip Nifty of the National Stock Exchange (NSE) was trading at 10 787.30 points -- down 19.30 points or 0.18 per cent -- from the previous close of 10 806.50 points.
The Sensex of the BSE which opened at 35 537.85 points was trading at 35 515.81 points (2.28 p.m.) lower by 40.90 points or 0.12 per cent from the previous day s close at 35 556.71 points.
The Sensex has touched a high of 35 993.53 points and a low of 35 497.92 points in the trade so far.
The BSE market breadth was bearish with 1 592 declines and 973 advances.
Expectations of a BJP victory in Karnataka assembly election had lifted the key Indian equity indices on Tuesday morning.

--IANS rrb/vm