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Wed, May 16, 2012 at 19:21
The BSE Sensex fell 1.8% on Wednesday to its lowest levels in over four months as the rupee dropped to a record low reinforcing uncertainty about the country's fiscal and economic fundamentals at a time of steep global risk aversion.
The rupee fell to a record low 54.52 against the dollar surpassing the previous record low of 54.30 hit in mid-December, as worries about the euro zone intensified as Greece gears up for new elections.
India is seen particularly vulnerable at a time of global risk aversion given the concerns about its fiscal and current account deficits, and slowing growth at a time of persistently high inflation.
In this backdrop, moneycontrol.com spoke to nine leading domestic brokerages to find out their top picks during these volatile times.
Click on the next slide to find out what they had to recommend…