Nifty plunges to 52-week low on concerns of global recession

	Dated:18 August,2011

Market Round-up SENSEX 16469.79 -371.01 NIFTY 4944.15 -112.45 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Cubex Tubings Ltd. 11.50 + 13.86 Salona Cotspin Ltd. 15.85 + 11.23 Paramount Communications 2.95 + 9.26 Edserv Softsystems Ltd. 115.90 + 8.72 Dhunseri Investments Ltd. 76.05 + 8.64 NSE Losers Scrip Price(Rs.) %Change Panacea Biotec Ltd. 144.30 -19.81 Usha Martin Education & S 16.15 -18.43 Spentex Industries Ltd. 9.20 -15.98 Surana Ventures Ltd. 31.00 -15.18 Allsec Technologies Ltd. 13.05 -13.00

Top Headlines Nifty plunges to 52-week low on concerns of global recession Investors were also worried that a rate hike by the RBI to control inflation would further impact growth negatively. Gold continues record-setting spree, rises to Rs 26,840 Market analysts said trading remained bullish after gold advanced for the fourth day in overseas markets to $1,795.85 an ounce. US Treasuries rally before data as recession worries mount US Treasuries rallied in Europe on Thursday, with investors expecting a raft of data later in the day to be consistent with their fears that the world's largest economy risks entering a new recession. Views on Stocks/Markets Buy Tech Mahindra for long term: Sudarshan Sukhani Go short with Bank Nifty on rallies: Ashwani Gujral Wait for decline to end, then think of buying: Sudarshan Sukhani IPO/Global Markets Just Dial plans Rs 360 crore IPO Growth worries hobble global mkts Asian markets down in jittery trade Rupee / Gold Gold rises to Rs 26,840 Rupee remains weak vs dollar Gold ETFs mushroom in India More 'Market' News Sensex reels under selling pressure: Analysts Indian markets were reeling under selling pressure as investors booked profits following weakness in Asian peers. ET Now caught up with some market analysts to get their take on where the market is headed. SEBI to provide a framework for capital raised from HNIs The prime objective is stated to be the protection of investors and the growth of fund management industry in a regulated manner. 'Buying would start gradually increasing in momentum' Prakash Diwan, Head-Institutional Clients Group, Asit C Mehta Investment Intermediates Ltd. talks to ET Now on the market outlook.