Hyderabad: TPCC Senior Vice President and Chairman of the Election Commission Coordination Committee, G Niranjan, accused Narendra Modi of causing chaos in the stock market, resulting in a loss of Rs 31 lakh crore for investors. He claimed that Modi and Amit Shah urged people to buy shares before June 4, leading to a surge in the stock market initially.
Niranjan alleged that after exit poll results were positive for the NDA, the stock market gained Rs 13 lakh crore in one day. However, when the election results were announced on June 4, the market suffered a loss of Rs 31 lakh crore. He held Modi and Shah accountable for this situation.
He questioned whether Modi and Shah were acting as share brokers by influencing people to buy shares. Niranjan emphasized that no politician had previously impacted the stock market like Modi and Shah did. He called for an investigation by SEBI to identify those who benefited from this manipulation.
Niranjan’s comments were made during a press conference at Gandhi Bhavan in Hyderabad, where he highlighted the alleged scandal involving Modi and Shah’s actions in relation to the stock market.
