Thanks, Nayan ji.
It seems to match with Mycena species as per Wikipedia link:
http://en.wikipedia.org/wiki/Mycena, some extracts from which are stated
below:

*Mycena* is a large genus of small
saprotrophic<http://en.wikipedia.org/wiki/Saprotrophic>mushrooms which
are rarely more than a few centimeters in width. They are
characterized by a white spore print<http://en.wikipedia.org/wiki/Spore_print>,
a small conical or bell-shaped cap, and a thin fragile stem. Most are grey
or brown, but a few species have brighter colors. Most have a translucent
and striate cap, which rarely has an incurved margin. The gills are attached
and usually have cystidia. A few of the species exude a latex when the stem
is broken, and many have the odor of bleach.

*Mycenas* are hard to identify to species and some are distinguishable only
by microscopic features such as the shape of the
cystidia<http://en.wikipedia.org/wiki/Cystidia>.
Some species are known to be edible, while some are known to contain toxins,
but most of them are not known, as they are too small to be useful in
cooking.

2009/9/11 Nayan Singh <[email protected]>

>   Dear Garg ji, i don't know a b c d of Mycology, but your pic is so
> attractive, it compelled me to find its id, to me it looks like some species
> of Mycena, a wild guess.
>  Thanks
> N.S.Dungriyal IFS
> Chief Conservator of Forests
> and Field Director
> Satpura Tiger Reserve Hoshangabad
> M.P.
> 09424792100
>
>  ------------------------------
> *From:* J.M. Garg <[email protected]>
> *To:* indiantreepix <[email protected]>
> *Cc:* nabha meghani <[email protected]>; Inderjeet Sethi <
> [email protected]>
> *Sent:* Thursday, 10 September, 2009 10:48:11 PM
> *Subject:* [indiantreepix:18137] Fwd: For Id Mushroom- 040909JM1
>
> Forwarding again for Id assistance pl.
>
>
> ---------- Forwarded message ----------
> From: J.M. Garg <[email protected]>
> Date: 2009/9/4
> Subject: For Id Mushroom- 040909JM1
> To: indiantreepix <[email protected]>
> Cc: Inderjeet Sethi <[email protected]>
>
>
> Seen this smallish mushroom commonly in the grass in a Park in Hyderabad on
> 29/8/09.
> --
> With regards,
> J.M.Garg ([email protected])
> http://en.wikipedia.org/wiki/User:Jmgarg1
> 'Creating awareness of Indian Flora & Fauna'
> Image Resource of thousands of my images of Birds, Butterflies, Flora etc.
> (arranged alphabetically & place-wise):
> http://commons.wikimedia.org/wiki/Category:J.M.Garg
> For learning about Indian Flora, visit/ join Google e-group- Indiantreepix:
> http://groups.google.co.in/group/indiantreepix?hl=en
>
>
>
>
> --
> With regards,
> J.M.Garg ([email protected])
> http://en.wikipedia.org/wiki/User:Jmgarg1
> 'Creating awareness of Indian Flora & Fauna'
> Image Resource of thousands of my images of Birds, Butterflies, Flora etc.
> (arranged alphabetically & place-wise):
> http://commons.wikimedia.org/wiki/Category:J.M.Garg
> For learning about Indian Flora, visit/ join Google e-group- Indiantreepix:
> http://groups.google.co.in/group/indiantreepix?hl=en
>
>
> >
>
> ------------------------------
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>



-- 
With regards,
J.M.Garg ([email protected])
http://en.wikipedia.org/wiki/User:Jmgarg1
'Creating awareness of Indian Flora & Fauna'
Image Resource of thousands of my images of Birds, Butterflies, Flora etc.
(arranged alphabetically & place-wise):
http://commons.wikimedia.org/wiki/Category:J.M.Garg
For learning about Indian Flora, visit/ join Google e-group- Indiantreepix:
http://groups.google.co.in/group/indiantreepix?hl=en

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