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Sensex, Nifty Open Lower In Cautious Trade

(RTTNews) - Indian shares opened lower on Wednesday, with mixed global cues and caution ahead of the upcoming Budget keeping investors nervous.

The benchmark S&P BSE Sensex dropped 174 points, or 0.4 percent, to 48,174 in early trade, while the broader NSE Nifty index was down 98 points, or 0.7 percent, at 14,140.

Tata Motors paced the declines to fall about 5 percent, while Tata Steel, IOC, Hero MotoCorp and JSW Steel all were down over 2 percent.

Larsen & Toubro rose about 1 percent on reports that it is weighing the option of applying for a full-fledged banking license.

ICICI Securities plunged more than 5 percent despite reporting a 95 percent jump in Q3 net profit.
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