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Tuesday, March 17, 2015

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The market has opened on a flat note on Wednesday ahead of outcome of two-day FOMC meet that scheduled to be announced tonight. The Sensex rose 18.77 points to 28755.15 and the Nifty advanced 1.55 points to 8724.85.

About 549 shares have advanced, 261 shares declined, and 96 shares are unchanged on the BSE.

Sesa Sterlite climbed 3 percent as environment ministry has revoked suspension on mining leases in Goa. Jindal Steel rebounded with 2.30 percent gains after falling 8 percent in previous session. Infosys, Cipla, Coal India, NTPC and Lupin gained 0.4-0.9 percent.

However, Tata Motors, Tata Power, Hindalco, ICICI Bank, M&M and DLF fell 0.4-1 percent. The Indian rupee has opened flat at 62.68 per dollar on Wednesday against previous day's closing value of 62.70 a dollar.

The dollar slips for a second straight day against major currencies, pressured yet again by unexpectedly weak US economic data as the Federal Reserve started a two-day policy meeting. The euro is back above 1.06 to the dollar.

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