Market pares early gains; Nifty dips below 7,800-mark

Zee Media Bureau

The benchmark BSE Sensex pared its early gains and fell over 100 points in pre-noon trade Monday on fresh selling triggered by the report of delay in monsoon.

The Met department yesterday predicted a six-day delay in the onset of monsoon, which was scheduled to hit Kerala on June 1.

This is expected to delay monsoon in other parts of the country as well.

The 30-share index dropped by 108.17 points or 0.42 percent to 25,381.40. The gauge had lost 301 points in the previous session on downbeat economic data amid fears that Sebi's plan to tighten P-Note norms would hit foreign fund inflows.

Also, the NSE Nifty weakened by 30.15 points or 0.39 percent to 7,784.75.