Congress Leader Rahul Gandhi Demands JPC Probe into June 3rd & 4th Stock Market RISE AND CRASH
Rahul Gandhi Demands JPC Probe into June 3rd & 4th Stock Market Rise and Crash Congress Leader Sh. Rahul Gandhi has called for a thorough JPC investigation into the significant rise and crash in the equity market on June 4. The market crash, which resulted in the loss of Rs 30 Lac Crores (Almost 360 Billion USD) in investor wealth, came on the heels of emerging trends from the Lok Sabha election results showing the ruling Bharatiya Janata Party (BJP) significantly trailing behind its projected targets. On Tuesday, benchmark indices Sensex and Nifty dropped by 8% during intraday trade but managed to reduce losses to 6% by the market close. At 3:30 PM on June 4, the BSE Sensex had plunged 4389.73 points or 5.74% to end at 72,079.05, and the Nifty 50 closed at 21,884.50, down by 1,379.40 points or 5.93%. Labeling the situation as a scam, Rahul Gandhi accused Prime Minister Narendra Modi and Home Minister Amit Shah of fore-knowledge of the downturn. He alleged that they advised inve
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