New Delhi: Congress leader Rahul Gandhi addresses a press conference amid the counting of votes for the Lok Sabha elections, at the party headquarters, in New Delhi, Tuesday, June 4, 2024. (Photo: PTI)
Congress leader Rahul Gandhi on Thursday launched a scathing attack on Prime Minister Narendra Modi, Home Minister Amit Shah, and Finance Minister Nirmala Sitharaman for allegedly providing specific investment advice related to the stock market before the announcement of the 2024 Lok Sabha election results.
Rahul Gandhi questioned why PM Modi, Amit Shah, and Nirmala Sitharaman made comments regarding the stock market.
#WATCH | Congress leader Rahul Gandhi says, “Why did the PM and Union Home Minister give specific investment advice to the five crore families investing in the stock market? Is it their job to give investment advice? Why were both interviews given to the same media owned by the… pic.twitter.com/xyAayIxdXL
— ANI (@ANI) June 6, 2024
“We demand a JPC probe into this and we are absolutely convinced that this is a scam,” he said, adding, “Somebody has made thousands of crores of rupees at the cost of retail investors.”
India’s stock market suffered a significant decline, erasing $386 billion in market value, as election tallies indicated that Prime Minister Narendra Modi’s ruling party was struggling to secure a majority of seats in the 2024 Lok Sabha elections. This outcome was surprising given that exit polls had predicted a landslide victory for Modi.
The NSE Nifty 50 Index plummeted 5.9 per cent in Mumbai, marking its worst day in over four years. The vote counts showed that Modi’s Bharatiya Janata Party (BJP) and its allies in the National Democratic Alliance (NDA) were leading in more than 290 seats. Although this number exceeds the 272 needed for a parliamentary majority, it falls short of the approximately 350 seats they won in 2019. Consequently, the rupee fell the most in a year and the 10-year yield rose.
[With agency input]
First Published: Jun 06 2024 | 6:29 PM IST
