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Federal Reserve: Dalal-Street indices pare gains after scaling fresh highs

Leading equity benchmarks surged 1% in Thursdays trading amid a global risk-on rally, with the Sensex crossing 66,000 for the first time and the Nifty rising past 19,550. However, a sell-off in the last hour of trade saw indices pare most of their gains after hotter-than-expected domestic inflation got local investors anxious.
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