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The S&P BSE Sensex started on a cautious note on Monday following muted trend seen in other Asian markets. The fall in the index was led by losses in ICICI Bank, L&T, Tata Motors, SBI, and Dr Reddy's Laboratories.The Nifty50 pared its early morning losses and was now trading around its crucial psychological level of 7,950, supported by gains in consumer discretionary, autos, banks, consumer durable, and metal stocks. 

Indian shares edged up on Friday, recording a second straight week of gains, as hopes the government would look for a compromise with opposition leaders to pass a key reform on goods and services tax (GST) lifted sentiment.The broader NSE index gained 0.75 percent, recording a gain of 1.1 percent for the week.The benchmark BSE index rose 0.65 percent, marking a gain of 1 percent for the week.