PM Modi's prediction of a post poll market rally comes true as Sensex, Nifty hit record highs
6 months ago

PM Modi's prediction of a post poll market rally comes true as Sensex, Nifty hit record highs

Hindustan Times  

Prime Minister Narendra Modi's prediction of a stock market rally after Lok Sabha elections is coming true with Sensex surging more than 5,000 points since June 4, when the results were declared. While campaigning for the Lok Sabha elections, Modi had said that the stock market would hit record highs after election results were declared. “You will see that within one week after June 4, the day election results are to be declared, market participants will get tired.” “I can say with confidence that on June 4, as BJP hits record numbers, the stock market will also hit new record highs," he had said. Following the elections, the statements by Prime Minister Narendra Modi and Amit Shah became a political issue as Congress leader Rahul Gandhi alleged that the June 4 crash in which investors lost ₹31 lakh crore in notional wealth was owing to manipulation in the markets.

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