For all the domestic drivers of India’s stocks -- from oil to elections to shadow banking shakeouts -- the U.S. Federal Reserve holds the most sway, according to the nation’s biggest money manager.
Sankaran Naren, who helps manage 3.1 trillion rupees ($44 billion) as chief investment officer at ICICI Prudential Asset Management Co., says investors need to brace for a run of constrained returns that will last until the Fed’s Jerome Powell makes a policy U-turn. Key Indian equity indexes ..
