what I understand by recession is the trading, manufacturing, selling, pricing activities...if that slows down in US, how couldit effect India...It would effect India only if consumption of Indian products (including IT sector, BPO service sector, financial sector etc.) takes a back seat in US - however, there could be some corrective measures from the US government in reducing / bargaining the import cost of US which would affect our foreign exchange inflow to some extent. Indian stock market never has a direct link with production/profit of any company - it is sentiment driven always..which would give some boost to the common man in reduction of real estate property prices etc.
