Sensex falls over 1,000 points from day's high as Indian stocks erase morning gains

Reuters expected Indian shares to open higher on October 23 after three losing sessions but warned that rising oil prices could make gains short-lived. Later, The Economic Times reported that stocks had erased their morning gains: the Sensex was down more than 1,000 points from its day's high, the Nifty had slipped below 22,500 and India VIX had risen 7%.