Rakesh Jhunjhunwala - Markets will not recover in a hurry

	Dated:August 09,2011

Market Round-up SENSEX 16857.91 -132.27 NIFTY 5072.85 -45.65 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Avanti Feeds Ltd. 49.05 + 13.67 Shri Lakshmi Cotsyn Ltd. 84.20 + 11.01 GKB Ophthalmics Ltd. 44.85 + 10.06 Super Spinning Mills Ltd. 8.95 + 9.82 Sanghi Industries Ltd. 15.55 + 9.12 NSE Losers Scrip Price(Rs.) %Change Sterling Biotech Ltd. 59.15 -18.86 Gujarat NRE Coke Ltd. 27.95 -14.13 Malwa Cotton Spinning Mil 25.10 -14.04 Madras Fertilizers Ltd. 24.70 -11.94 Nagarjuna Fertilisers & C 28.45 -11.65
Top Headlines Markets will not recover in a hurry: Rakesh Jhunjhunwala There is no commitment of retail investors & much lesser leverage in India & worldwide as compared to 2008 says Big Bull Rakesh Jhunjhunwala. Avoid investing huge amounts as stock market nowhere near bottom: Experts Don't jump into the market with a suitcase full of cash as yet, experts warn retail investors, as many seem attracted at the prospect of entering the market. Obama says US will always be AAA country Fiercely defending US credit after debt downgrade, US President vowed America would always be 'AAA country' and said economy could be fixed with political will. Most Read Story Recession 2011: 2011 could be worse for India as US recession looms large Weak finances, persistently high inflation and policy inertia have considerably weakened the government's position today. Most E-mailed Story Deven Sharma - The Jharkhand boy who downgraded US On August 5, S&P, led by Jharkhand-born Deven Sharma, struck off 'AAA' rating of US, considered the Gold standard in the world of finance. Most Commented Story Recession 2011: 2011 could be worse for India as US recession looms large Weak finances, persistently high inflation and policy inertia have considerably weakened the government's position today. Latest Updates After Manic Monday, it's Terrible Tuesday for mkts Govt may induct pvt players for sick PSEs revival Chinese micro-bloggers pay cash for followers 'Premature to say EU nearing recession'