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Market Mayhem! Stocks plunge as election jitters collide with F&O expiry
Domestic shares plunged today, dropping for the fifth consecutive session. The Nifty 50 closed below 22,500, battered by a brutal expiry of monthly F&O contracts. Metals, IT, and healthcare stocks led the bloodbath. Jittery investors, taking their cues from rising US interest rates, are also worried about the upcoming election results. With exit polls looming on Saturday, traders fear a steep correction if the results don't favor the current government.