9.35 am: After opening positive trend amid September quarter results, Nifty 50 soon reclaimed 18,200 and was trading near 18,250, minutes after opening bell. Sensex was up nearly 400 points. The 30-share index was trading with 0.64% gains or 392.18 at 61,359.23.

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Talking about current mood of the market, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, there are two trends currently visible in the market recently.  "There are two important trends in the market now. One, there is selling pressure in the broader market. While Nifty is up 1.52 % for the last one month, Nifty Small-cap is down 1.11%. Nifty Mid-cap is down 8% from its peak. Two, FIIs are continuously selling in the market; they have sold Rs 10300 cr worth equity in the last 5 days in the cash market. If this FII selling sustains that would be a major drag on the market. The 8% correction in the mid-cap space is not getting reflected in the large-cap indices since stocks like RIL (10.4% weightage) ICICI Bank (7.2%) and HDFC (6.5%) have been resilient. And there are no valuation concerns in these stocks unlike the froth that has been accumulating in many stocks in the mid and small-cap space. The run up in many micro-caps and penny stocks has been totally irrational and likely to end in grief for many retail investors chasing these 'cats  and dogs'. As the saying goes, " we will know who all have been swimming naked only when the tide recedes," he said, adding that there are clear signs of the broader market tide receding.

Domestic equity benchmarks Nifty50 and S&P BSE Sensex started Thursday's session in the green as the former opened at 18,154.50 latter at 60,997.90. After hitting successive record highs, Nifty Bank opened flat at 41,057.75 on Monday.

In the broader market, Nifty Midcap Index also rose 40 points in the early trade to open at 8,476.20

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Tech Mahindra, tata Motors and Tata Steel led the rally on Nifty50 index, while Dr Reddy's, Kotak Bank, Axis Bank dragged the index the most.  On 30-share Sensex, 23 shares advanced, while 7 declined.

In the pre-open, Sensex gained nearly 488.08 or (0.80%) to 61,455.13 as 21 shares advanced and 9 declined on the 30-share index. Nifty 50 traded in flat. 

Asian Markets started largely on positive note as the major indices trading in the green on early hours on Monday. Japanese Nikkei 225 was up 500 points to 29,100, while Shanghai Composite Index was trading falt with 4 points gain at 3613 around 8.30 am.  The Asia Dow Index USD was also trading half a per cent above at 3,946 around the same time.

The Wall Street indices—Dow Jones ended Monday at 64 points up at 35,741. Nasdaq composite and S&P 500 gained 0.90% and 0.47% to 15,226 and 4,566.

(It's a developing story. Pls check back for the updates.)