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The S&P BSE Sensex started on a flat note with a negative bias on Monday after the Bank of Japan decided to continue applying a negative interest rate of minus 0.1 per cent and keeps monetary base target unchanged at 80 trillion. The Nifty50 was trading near its crucial psychological support level of 7500 weighed down by losses in power, oil & gas, metal, and telecom stocks. 

Tata Motors rose 3.4 percent, posting its second session of gains, after the auto maker said on Friday global wholesale sales in February, including that of Jaguar Land Rover, grew 17 percent from last year.