The Indian market closed largely in the green on Wednesday as investors remained cautious ahead of the US Federal Reserve decision on interest rates.The Sensex slipped 138 points from highs to close 47 points in the green at 35,739. The 50-stock index, the Nifty, failed to hold on to the intra-day high of 10,893 hit in the afternoon session. It closed with a mild gain of 14 points at 10,857.Here's what you should know before the opening bell The Finance Ministry will launch the second tranche of Bharat-22 exchange-traded fund (ETF) on June 19 which will help raise up to Rs 8,400 crore from the markets. The issue will open for anchor investors on June 19 and for other institutional and retail investors the next day. The ETF follow on offer will remain open till June 22. Indian telecom revenues (adjusted gross revenues, AGR) fell another 7 percent quarter-on-quarter (QoQ) and are down 25 percent from the fourth quarter of 2015-16 levels, revealed a report by Jefferies. The Federal Reserve raised interest rates on Wednesday. In raising its benchmark lending rate a quarter of a percentage point to a range of 1.75 percent to 2 percent, the Fed dropped its pledge to keep rates low enough to stimulate the economy &quot;for some time&quot; and signalled it would tolerate inflation above its 2 percent target at least through 2020. The US dollar ended higher against the rupee at Rs 67.64 per dollar and the pound sterling finished higher at Rs 90.12 at the close of the Interbank Foreign Exchange (forex) market. Oil prices eased on Thursday, dragged down by rising output, although strong demand and a drop in US fuel inventories provided the market with some support. After a no-show from bidders for national carrier Air India, the government is mulling several options regarding its divestment, including listing the airline on stock exchanges, a source told CNBC-TV18. The national drug pricing regulator NPPA has fixed the retail and ceiling prices of 22 formulations used for treatment of various ailments including HIV, bacterial infections and cardiac conditions among others.