Amid high stock market volatility, BJP's Amit Shah shares a big share market buying tip
stock market volatility, Union Home Minister Amit Shah has emphasized that while the stock market shouldn't be directly tied to elections, a stable government lays the groundwork for its positive performance. In an interview with NDTV, he hinted at a potential market upswing post the Lok Sabha elections, suggesting that the BJP and its allies' victory would likely bolster market confidence.
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The ongoing seven-phase elections are set to conclude with the vote count on June 4. Amidst recent market fluctuations, attributed to various factors, Shah addressed speculations linking market crashes to the BJP's performance. He noted that similar corrections had occurred on sixteen previous occasions, indicating that such fluctuations weren't unprecedented.
«Stock market crashes should not be linked with elections, but even if such a rumor has been spread, I suggest you buy (shares) before June 4. It will shoot up,» Shah remarked, urging confidence in the market's potential.
While declining to speculate on whether the Sensex would surpass the one lakh-mark, Shah underscored the correlation between market performance and political stability. He expressed optimism about the BJP securing over 400 seats, foreseeing a stable Modi government, which he believes will positively impact the stock market.
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