On Thursday evening, Rahul Gandhi leveled serious allegations against Prime Minister Narendra Modi, Home Minister Amit Shah, and Finance Minister Nirmala Sitharaman, claiming a major financial loss of around ₹30 lakh crores on the day the Lok Sabha election 2024 results were announced.
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Staggering Claims and Market Impact
Prior to the election results, BJP leaders made bold statements predicting record highs in the stock market on the result day. According to Rahul Gandhi, these claims were linked to falsified exit poll numbers that significantly overestimated a BJP-led NDA victory. On June 3, the market closed at a lifetime high, with the Nifty index reaching 23,338.70 points and the BSE index peaking at 76,738.89 points. However, on June 4, the actual results deviated sharply from the exit poll estimates, causing the market to crash and leading to a record loss of ₹30 lakh crores for retail investors in a single day.
Call for Joint Parliamentary Committee Investigation
Rahul Gandhi has called for a joint parliamentary committee to investigate the correlation between the exit polls and the stock market movements. He expressed concerns about the dramatic market drop on June 4, which resulted in 5 crore investors losing their money. Gandhi also questioned the financial advice given by Prime Minister Modi and Home Minister Amit Shah, suggesting possible links to dubious foreign investors.
Historical Context and Urgency for Action
The scale of this financial loss is comparable to the market crash experienced four years ago during the COVID-19 pandemic. Given the gravity of the situation, Rahul Gandhi emphasized the need for immediate action to investigate these abnormal share trends and protect investor interests.
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