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Profit taking trips up benchmarks as investors eye polls
Domestic equity benchmarks surged to new highs today, mirroring global optimism, but a late-day sell-off erased all gains. The Nifty 50 settled below the 22,950 mark after hitting the day's high of 22,110.80 in early afternoon trade. Analysts point to profit-taking ahead of next week's election results. Despite the wobble, the market remains near record highs, suggesting underlying strength. Another positive sign is the decline in FII selling.