Markets have erased its momentary gains and are trading marginally in red as investors turn cautious and book profits.  
At 9.45 AM, the Sensex is trading at 26,065 levels down by 35 points and Nifty is quoting at 7,772 levels down by 15 points.
Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net Rs 198.57 crore on Monday, 7 July 2014, as per provisional data from the stock exchanges.