Lok Sabha Election: Amit Shah Says Strong Govt Help Share Market Go Upwards; Suggests To "Buy Before June 4"

Amidst the low voter turnout for the 18th Lok Sabha, the share market has been acting bearish, which raised many big questions. According to political pundits and analysts, share market corrections are being seen as indicators for the tough challenges that Prime Minister Narendra Modi-led BJP is facing this time. In a conversation with NDTV, Union Home Minister Amit Shah shared his views on down performing market.

Amit Shah said that stock market performance should not be linked with the Lok Sabha Election 2024 as the people of India are happy with PM Modi's good governance and social policies. He said a stable government does help market shoot up, but the government is not responsible for the downfall.

Instead, Amit Shah suggested people to buy good stocks as the market will shoot up after June 4. He asserted that the BJP will cross the 370 mark and its allies will sweep more than 400 seats in the Lok Sabha elections 2024.

He added that the share market made bigger corrections in the past also and again it will be back on track.

"Stock market crashes should not be linked with elections, but even if such a rumor has been spread, I suggest that you buy (shares) before June 4. It will shoot up," NDTV quoted Amit Shah.

When asked "Will Sensex cross the one-lakh mark this time", Amit Shah refused to answer, however, he reiterated that the stock market performs well whenever there's a stable and strong government in the country.

"That's why I am saying we are going to get 400-plus seats and a stable Modi government will be in power. Therefore, the share market will certainly go up," he said.

The BSE index that cross 75,000 mark on May 3, saw a sharp downwards movement and is currently near 72,000 points.