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On Wednesday, 1940 stocks advanced, 1640 declined and 123 remained unchanged on the Bombay Stock Exchange (BSE), with an advance decline ratio of 1.18 indicating a positive closing of stocks in broader markets. Markets were cautious ahead of the outcome of the US Federal Open Market Committee (FOMC) meeting on Thursday. Due to underperformance in the banking index, the current rally in the markets lacks decisiveness.

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