Big Daddy sets sharp swings in mkts

The moves of the Big Daddy have widespread implications on Indian businesses and stock markets alike. Recently, Indian IT stocks took a beating after the US Senate passed a Bill doubling work-visa costs. Similarly, stock prices of power and construction firms received a boost when the Indo-US N-deal was signed. And some of these stocks have already gained on expectations of a positive announcement relating to the nuclear deal during US President Barack Obama s visit slated for November 6. Also, there are speculations that a number of deals could be signed before Diwali in sectors like retail, insurance and defence. ...

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