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.

Reports On Indian ADRs
• Indian ADRs ended mostly higher on Tuesday.
• In the banking space, ICICI Bank gained 0.64 percent at USD 10.98.
• HDFC Bank was up 0.18 percent at USD 61.62.
• In the IT space, Infosys shed 1.19 percent at USD 35.69.
• Wipro was down 0.74 percent at USD 13.39.
• In the other sectors, Tata Motors rose 1.34 percent at USD 47.54.
• Dr Reddy’s Laboratories added 3.35 percent at USD 55.28.

Indian Market Highlights
The S&P BSE Sensex starts on a cautious note in trade on Wednesday ahead of the crucial outcome from the US Federal Reserve meet. The fall in the index was led by losses in ICICI Bank, Tata Motors, M&M and HDFC.

Tracking the momentum, the 50-share Nifty index also came under pressure and was trading close to its crucial psychological support level of 8700, weighed down by losses in banks, consumer durable, FMCG, oil & gas and realty stocks.

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