Trinamool Congress leader Saket Gokhale has asked market regulator Sebi to step in and investigate whether the exit polls were intentionally tinkered to manipulate the stock market or not. This comes after the country witnessed a wide gap between the exit poll predictions and the actual outcome which led to huge losses for the investors on June 4. What did he allegeThe politician has pointed out that if the speculations around the manipulation turn out to be true, then it would mean that there was a massive stock market manipulation that needs to be investigated. In a letter to Sebi, Gokhale wrote that investors made massive profits on June 3 after the market rose post-exit poll results. However, the following day saw a drastic fall in the market, wherein the investors suffered losses of over 31 lakh crore equivalent to 31 trillion. Very important:Investigation into stock market manipulation through exit pollsIve written to SEBI demanding an investigation into the exit polls (specifically Axis MyIndia) which massively inflated the seat numbers for BJP-NDA.In Bengal, they predicted 26-31 seats for BJP… pic.twitter.com/OhdZdiudRf— Saket Gokhale MP (@SaketGokhale) June 5, 2024He added that it was obvious that the exit polls were rigged to boost the stock market. After the markets plummeted, investors lost billions upon billions of dollars. If pollsters like Axis MyIndia purposefully inflated the BJPs exit polls, that has to be looked upon. This is significant because BJP was a client of Axis MyIndia as well.Exit poll predictions failed miserablyThe NDA was expected to win more than 350 seats, according to the average of all exit polls, and on June 3 the Sensex and Nifty saw significant gains of more than 3%. When the BJP-led NDA gained 293 seats, the market crashed by 6% on June 4, proving that the exit polls were wildly inaccurate. With the support of allies TDP and JD(U), PM Modi is scheduled to take the oath of office for a third time on June 8. Despite this, the markets are recovering.
