Ahead of the Lok Sabha election results, top central ministers, including the Prime Minister, predicted that the markets will go up on June 4 owing to BJP's strong electoral performance. The exit polls supported the BJP's claim of a strong performance.
However, they could not have been more wrong. On the day of election results, stock markets s aw one of the worst crash in recent times.
Prime Minister Narendra Modi had said the day election results come out and throughout that week, those who punch trades will get tired.
Home Minister Amit Shah even suggested investors to buy shares before June 4.
Finance Minister Nirmala Sitharaman and External Affairs Minister S Jaishankar also predicted a boost in the market on the results day.
However, two days later, Congress leader Rahul Gandhi made a sensational claim over gross market manipulation. Gandhi said that the BJP leaders, pollsters and some foreign investors may have colluded to cause the "biggest stock market scam".
Rahul Gandhi claimed that retail investors lost Rs 30 lakh crore, and demanded a joint parliamentary committee probe into it.
Congress' tirade against the BJP, even before the formation of the new government led by Narendra Modi, could create a furore when the 18th Lok Sabha convenes for the first time.
Also watch: Rahul Gandhi accuses BJP of Stock Market 'Scam,' calls for JPC probe