Sensex Erases gains

Equity benchmarks shaved off some gains on the back of profit booking at higher levels. The Nifty could not able to hold the 5300 mark - it was gyrating around the same level. Heavyweights like ONGC, SBI, ICICI Bank and Bharti Airtel came off their day's high.

BSE Sensex was trading at 17,633, up 126 points and NSE Nifty gained 40 points at 5,298.