Questions have been raised about the possible role of their statements in the massive stock market swings around the elections.
Last week, a plea filed in the Supreme Court sought a report from the Centre and the Securities and Exchange Board of India about the market crash following the Lok Sabha election results.
Indian stock markets witnessed massive swings on 3-4 June. On 1 June, most exit polls had predicted a thumping win for the Narendra Modi-led Bharatiya Janata Party, with some projecting that the BJP-led coalition—the National Democratic Alliance—would get over 400 seats in the 543-member Lok Sabha.
On 3 June, the markets rallied, especially in morning trading. Benchmark indices Sensex and Nifty 50 hit record highs. The rally …
Diti is a copy editor at The Morning Context. She joins us from Deccan Herald where she oversaw the daily news coverage in the digital vertical as a chief sub-editor. She also managed social media and contributed to data stories and film analysis. Before DH, she was with Reuters as an online producer.
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diti@mailtmc.com