Stock market will recover after the confirmation that Nuclear Deal is off

The Indo-US nuclear deal is dead and that's the reality Prime Minister Manmohan Singh may have to face on Monday when the Left-UPA nuclear panel meets for what could be the final meet.

While Singh may have not given up hope, his Left counterparts have already sounded the death knell.

"One has to live with certain disappointments. We are not a one-issue Government. The deal not coming through is not the end of life," the Prime Minister had said while inaugurating the Hindustan Times Leadership Summit in New Delhi.

“We are trying to reconcile the divergent points of view. I have not given up hope,” he had said further.

Meanwhile, the Left encourages no dilly-dallying and wants a categorical answer from the Government on the nuke deal.

So, on Monday, at the Left-UPA meet, the deal will, most naturally, be at the top of the agenda of the Left parties.

“We want a categorical assurance that the deal is dead,” said CPI-M General Secretary A B Bardhan.

The Left could even push further and demand a public statement explicitly stating an early demise of the deal.

The Prime Minister’s telephonic conversation with the US president during his recent foreign trip could come up for discussions too.

"It’s premature to say what will happen,” said AICC Secretary Tom Vadakkan.

The Congress leadership is expecting these questions from the Left so just before the Left-UPA meet, top party leaders are likely to meet to chalk out their strategy and response to these queries.

With the deal more or less dead, the task ahead for the Congress campaign managers in the days ahead would be to find a safe landing.