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Modi win stokes Indian stocks to short-lived record high

Benchmark Sensex ends down 300 points on rush of profit-taking

MUMBAI -- India's benchmark S&P BSE Sensex index touched a record high Thursday on news of Prime Minister Narendra Modi securing a second term, only to give up its gains and close on a decline.

The index surged 1,000 points to cross the 40,000 barrier for the first time, before losing steam and ending the session down nearly 300 points.

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