look news india
New Delhi: Warning against linking the recent fluctuations in the stock market with the 2024 Lok Sabha elections, Union Home Minister Amit Shah said that after the victory of Prime Minister Narendra Modi on June 4, there will be a rise in the stock markets. He told the investors that if you want to buy before this then do so.
He predicted a rise in the local stock markets in the times to come as soon as the results of the Lok Sabha elections are declared on June 4. Regarding this, he further said that, I cannot predict the ups and downs in the stock market, but generally when a stable government is formed at the Centre, the market rises. He said in an interview to NDTV that he has predicted that Bharatiya Janata Party (BJP) will win more than 400 seats and a stable Modi government will come and hence the market will rise.
Amit Shah's statement has come at a time when the fourth phase of Lok Sabha elections will be voted today and Nifty and Sensex based markets have fallen in six out of the last seven trading sessions. Despite the uncertainty surrounding the election results, Amit Shah has indicated bullishness with his election predictions.