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Indian Equity Benchmarks Retreat Amid Late-Afternoon Profit-Taking

The Indian stock market experienced a reversal on Tuesday, as the equity benchmarks declined following a previous session's significant rally. This downturn was primarily driven by profit-taking activities that emerged in the late afternoon, ahead of the monthly derivatives expiry.

The market's reversal came as a surprise to many investors, who had been optimistic about the previous session's sharp rally. However, the late-afternoon profit-taking had a significant impact on the market's overall performance, leading to a decline in the equity benchmarks.

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The decline in the equity benchmarks was a notable development, especially given the market's previous session's strong rally. As the market continues to navigate the complexities of the derivatives expiry, investors will be closely monitoring the market's performance in the coming days.