The market erased morning gains amid consolidation. The 30-share BSE Sensex declined 30.08 points to 29201.33 and the 50-share NSE Nifty slipped 19.20 points to 8814.40.
Mahindra and Mahindra climbed 2 percent as the utility vehicle maker launched its XUV500 Xclusive edition at Rs 14.48 lakh ex-Mumbai today. Sesa Sterlite was up 3 percent as its subsidiary BALCO won Gare Palma IV/1 coal block at Rs 1,585 per tonne and the company also proposed its name change to Vedanta.
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