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Markets pare some losses; Nifty regains 9,850; ITC tumbles 12%
Meanwhile, dollar sagged on growing expectations that the Federal Reserve will take a more cautious approach to raising interest rates. Overnight, Wall Street ended little changed in low-volume trading, as investors braced for a flood of second-quarter earnings reports later this week. The incremental cess will mean that earnings will be downgraded as we do not believe the company will take huge price hikes. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.2%, a day after scaling its loftiest levels since April 2015.

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