Are PSUs Losing Steam?

The returns given by the BSE PSU index in the period November 2013-May 2014 were 43.64 per cent as against the Sensex's 21.16 per cent. However, during the period May 2014-December 2014, the returns given by the PSU index are -1.65 per cent as against the benchmark Sensex's 15.56 per cent. Notably, November 2013-May 2014 was the period of run-up to the national elections and the latter period is the post-election period, with the new government in the driving seat. It looks clear that the market was indeed anticipating the coming of a stable government under NDA--and Narendra Modi. Narendra Modi,