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BIG STORY MAY 31, 2024 | The Indian Eye 4

INDIAN ELECTIONS 2024

MODI PREDICTS

VICTORY

As the campaign hits its final phase, PM Modi says he is confident that

the voter has placed its trust in his party. Stock market booms. But the
Opposition challenges the ruling party’s narrative

OUR BUREAU
New Delhi/Mumbai/Patiala

he consistent bull run in Indi-
an stock indices - Sensex and
TNifty -- continued through
Thursday, and touched fresh highs
yet again, reacting to Prime Minister
Narendra Modi’s assertion that BJP-
led alliance is on track to form the
government for a record third term.
The prime minister also predicted
that the margin of victory would be
even broader.
In an interview with the Eco-
nomic Times, PM Modi said his par-
ty’s election outcome will result in a
record running streak on the coun-
try’s stock exchange market. “I can
say with confidence that on June 4,
as the BJP hits record numbers, the
stock market will also hit new record
highs,” PM Modi said in the interview.

PM Modi told the business dai-
ly that the Sensex has rallied
from 25,000 points to 75,000
in the past decade, noting that Prime Minister Narendra Modi being felicitated during a public meeting supporting Bharatiya Janata Party (BJP) candidate from Bhiwani-Ma-

it highlighted that the inves- hendragarh seat Dharambir Singh for the sixth phase of the Lok Sabha elections on Thursday (ANI)
tors have shown confidence Barring a little volatility, Indian gered fresh stock buying. 5 trillion market cap for the first time
in his government. “Recently, stock indices have been firm over Modi also highlighted that the ever,” the PM said.
the past several sessions, supported investors have shown confidence in “Over the past 10 years, if you
we reached a whopping USD 5 by strong support from a majority of his government. “The trust the stock just take a look at the number of
trillion market cap for the first sectoral indices. market places in us is evident in its Demat accounts, you will under-
stand how citizens have started to
With the five phases of elections
remarkable performance over the
time ever,” the PM said, refer- now behind us, it is widely expected past decade. When we took office, show confidence in the Indian econ-
ring to BSE’s m-cap feat that by investors that the Narendra Mo- the Sensex was around 25000 points. omy. The number of mutual fund in-
Today, it stands at around 75000
di-led government will come back to
vestors has increased from 1 crore in
happened earlier this week. office with a comfortable margin for points, reflecting a historic rise. Re- 2014 to 4.5 crore today. As a result,
his third term. This also likely trig- cently, we reached a whopping USD Continued on next page... >>
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