I am getting the following error when trying to browse o my site

The webpage at http://localhost:81/ has resulted in too many redirects. 

I just moved the site from the live server to my local machine.

• Running IIS 7 
• The website is called ttstimeclock. (both Live and local)
• I installed it as a website on port 81
• The Physical path is C:\inetpub\wwwroot\TTSTimeClock\httpdocs
• I had updated my SQL table portalalias as follows

--Update dbo.PortalALias

--set HttpAlias = 'localhost:81/ttstimeclock'

--where POrtalAliasID = 1

--update dbo.PortalAlias

--set HttpAlias = 'localhost:81/ttstimeclock/punchinportal'

--where PortalAliasId= 1

• before doing that I was redirected to the live site
• I have not added a host name entry in the Edit Site bindings dialog

Any ideas or help with what I may be doing wrong?

Thanks