Market has no connection with political party, a crash is common: Sanjay Nirupam

Amid the recent political brawl between the INDI bloc and the NDA over the drop in the share market after the Lok Sabha election results, Shiv Sena leader Sanjay Nirupam told ANI, “The share market has no religion, caste, leader, or political party. Market crashes are common, and politics has nothing to do with the market going up or down.”Nirupam statement came after Congress leader Rahul Gandhi Gandhi alleged that Prime Minister Narendra Modi and Home Minister Amit Shah had given “investment advice” to people during the campaign for the Lok Sabha polls and there was a loss of lakhs of crores to retail investors also due to “fake exit polls”.

He demanded a Joint Parliamentary Committee probe into, which he called, the “biggest stock market scam”.

Indian stocks witnessed a bloodbath on the day the Lok Sabha results were announced, where incumbent BJP performed below par and fell short of exit poll predictions and the majority mark on its own. Many investors booked the profits they accumulated from the gains they made a day after the exit poll predictions indicated a comfortable majority for the BJP.

Sensex declined by a whopping 4,389.73 points and Nifty by 1,379.40 points on the results day. Much of the losses have however been recovered over the next two sessions.Earlier, Bharatiya Janata Party (BJP) leader Nitesh Rane hit back at him stating that he ( Rahul Gandhi) has no moral right to level corruption charges against someone.”The family of Rahul Gandhi is out on bail on corruption charges in National Herald Case…Rahul Gandhi has no moral right to level corruption charges against someone…” Rane told ANI.”Rahul Gandhi and his party only understand the language of scams and corruption…He should come up with facts and proofs…No one takes his allegations seriously…” he added.

(inputs from ANI)