THE EIGHTH COLUMN

Election results can't help badly managed companies

On May 20, a day after the exit polls results were published, the National Stock Exchange’s benchmark index, the Nifty, rose 421 points, reassured of a ‘stable’ government led by a ‘decisive’ leader. The Sensex posted its highest single-day gain of 1,421 points or 3.75 per cent in 10 years. However, while companies might gain an edge because of their political connections, they are unlikely to thrive unless they are soundly managed, which is rarely the case. Click to read more.