/financial-express-hindi/media/media_files/fXD3CHYSsyv86ZJv8MUj.jpg "MP seeks Sebi investigation: Will the allegations of stock market manipulation through exit polls be investigated? The MP has written a letter to SEBI")
Will Sebi investigate stock market manipulation charges : Was the exit polls before the results of the Lok Sabha elections deliberately rigged so that crores of rupees could be earned by influencing the stock market? This serious question has been raised by an MP of the country by writing a letter to SEBI. Rajya Sabha MP Saket Gokhale of the opposition party Trinamool Congress has written a formal letter to the market regulator and requested to investigate the matter. Gokhale has also demanded in his letter to SEBI to investigate whether the BJP and the exit poll agencies made profits of crores of rupees by manipulating the stock market through the data of election estimates? After the exit poll (Exit Poll 2024) came out after the last round of voting on June 1, there was a tremendous boom in the market on Monday, June 3, while due to a huge difference between the trends and the official results on June 4, there was a huge decline in the stock market on Tuesday, due to which lakhs of crores of rupees of investors were lost. Keeping this in mind, Gokhale has demanded SEBI to investigate the whole matter closely.
What is in the letter to SEBI
Saket Gokhale has said in his letter to SEBI, “Investors made huge profits on 03.06.2024 after the market rose following the exit poll results. However, on 04.06.2024, investors suffered a loss of more than Rs 31 lakh crore. In the interest of investor protection, it is important to determine whether the India Today Axis My India exit poll was manipulated or deliberately biased in favour of the BJP-led NDA, which led to an unprecedented market rally on June 3.” He said that a deliberately biased exit poll would clearly mean that there was large-scale manipulation of the stock market on June 3 and it is also worth investigating which entities or investors made huge profits on June 3 based on the exit poll and whether they have any connection with the BJP or Axis My India?
Very important:
Investigation into stock market manipulation through exit polls
I’ve written to SEBI demanding an investigation into the exit polls (specifically Axis MyIndia) which massively inflated the seat numbers for BJP-NDA.
In Bengal, they predicted 26-31 seats for BJP… pic.twitter.com/OhdZdiudRf
— Saket Gokhale MP (@SaketGokhale) June 5, 2024
Also read: Stock Market Updates: Sensex, Nifty jumped
Exit polls were rigged: Gokhale
Sharing his letter to SEBI on social media, Gokhale wrote, “The exit polls were clearly rigged to boost the stock market. After the market crash, investors lost lakhs of crores of rupees. There should be an investigation to find out whether pollsters like Axis MyIndia have deliberately rigged the exit polls for the BJP. This is important because Axis MyIndia’s clients have also included the BJP.”
Also read : Lok Sabha Elections 2024 Results: Full list of winning candidates on all 543 seats
Who made profits by selling shares and short selling: Gokhale
The MP says that the rise in the market on Monday and the fall on Tuesday were unnatural. In his letter to SEBI Chairperson Madhabi Puri Buch, he has also asked the regulator to investigate whether there are any institutions that made profits through selling on June 3 and made even more profits by short selling on June 4? According to Gokhale, SEBI should also investigate whether any institution or person doing this has a direct or indirect relationship with BJP or pollsters like Axis MyIndia. Meanwhile, after the huge fall on Tuesday, the market is currently in a recovery mood. Market experts say that it is common for the markets to be at their peak of enthusiasm and boom before the elections. But whether Saket Gokhale’s allegations and apprehensions are right or wrong will be known only after SEBI’s investigation.
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