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Sensex joins global rout, hits year’s low on recession fears

Aug 05, 2011 | |

The BSE Sensex touched its lowest level since June 2010 on Friday, joining a slide in Asian stocks, as fresh worries that the global economy is slipping back towards recession prompted investors to cut positions in risky assets.

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

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