India, March 12 -- Indian benchmark indices Sensex and Nifty erased early gains made on Wednesday to trade in the red at about 11:30 am.

Sensex, which had opened 168.49 points higher, was down 361 points to its day's low while Nifty, which opened 38.45 points higher, was down 121 points.

Nifty had opened the week's trading with a dip but had recorded a rise on Tuesday, which it gave up intraday on Wednesday. Sensex, on the other hand, has been recording a dip continously since Thursday, March 6.

Both indices saw a massive dip in tech stocks on Wednesday, with Infosys leading the trend with a 5.34% drop on Sensex and a 5.42% drop on Nifty. It was followed by other Indian IT heavyweights like Wipro, HCLTech and Tech Mahindra. TCS also ma...