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Nifty touches 52-week high; uptrend to continue

Posted on: June 10th 2009 in Market Outlook.

MUMBAI: Bulls extended their winning streak on Wednesday, taking the Indian equity benchmarks to 52-week highs. Traders defied cautious calls from experts that markets are over-heated and a correction is imminent. The rally was led by power, capital goods and banks while broader markets s…

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