The Sensex crossed the 55,000 mark for the fi rst time on Friday. Key valuation measures are above their long-term averages and retail markets are in a frenzy — both considered signs of caution. Seasoned market participants are slowly taking their foot off the accelerator but are still not rushing to the exit door. ET takes a look at what is in store for investors and how they could deal with the market.Compiled by Nishanth Vasudevan
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