FTSE awaits Budget Day as market falls

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In the UK today, the FTSE 100 index has lost further ground at its close a short while ago, as the number of stocks sliding far outweighed those making any gains.

The benchmark is down 7 points to 4,975 points, paced by United Utilities which closed down 9.25p to 413p. Dixons Group is also down 3p to 152.25p. At the opposite end of the board, Royal & SunAlliance Insurance Group has picked up 2p to 84.50p, while ITV is up 1.75p to 128.75p. In the US, stocks are slightly in ascent after oil prices dropped following Saudi Arabia's call for OPEC to increase production. The Dow Jones Industrial Average index has so far gained around 8 points to 10,782.64 points in its morning session, while crude oil for April finally shed 1.3% to $53.70 a barrel....

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