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Sensex, Nifty open flat; Tata Motors up 3%

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Sensex-down

Mumbai: The market has opened on tepid note as investors await outcome of two-day Federal Reserve's meeting that starts today. The Fed is widely expected to hike interest rates for the first time in 2016 at a two-day meeting, with markets pricing in a nearly 100 percent chance of a quarter percentage point increase to the Fed's target range of 0.25 to 0.50 percent.

The Sensex is up 26.49 points or 0.1 percent at 26541.73, and the Nifty up 4.05 points at 8174.85.

Tata Motors, Tata Steel, Wipro, Dr Reddy's Labs and ONGC are top gainers while BHEL, Sun Pharma, M&M, ICICI and Asian Paints are losers in the Sensex.

 

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