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Markets in bubble zone? Tech charts say Sensex to hit 53,000 soon

The benchmark Nifty50 index added another milestone to its journey when it scaled a fresh record peak of 15,455.5 on Friday. The feat comes just a day after the Reserve Bank of India issued caution over the meteoric rise in stock prices amid a ravaging Covid-19 pandemic. India's benchmark indices have more than doubled from the post-pandemic lows made in March 2020 while several individual companies have seen multi-fold jump in their stock prices. In May alone, nearly a dozen Nifty50 stocks have hit a lifetime high. These include State Bank of India, Wipro, Bajaj Finserv, Tata Steel,.....

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