“As the Lok Sabha elections 2024 are progressing towards their fourth phase, Union Home Minister and BJP leader Amit Shah, during an interview with NDTV Profit on Monday, May 13, addressed concerns about recent fluctuations in the stock market and said that the ongoing Lok Sabha elections should not be directly linked to market movements.”

Speaking during an interview with NDTV, Shah said that while there may have been rumors related to market instability, it is important not to exaggerate their impact.”

Shah stated in the interview that the stock market has witnessed significant declines in the past, but has always recovered. He also mentioned that there is no direct correlation between the current market downturn and the upcoming Lok Sabha elections.

Acknowledging the apprehensions among investors, he dismissed rumors affecting market sentiment and even suggested considering buying stocks before the election results on June 4, expressing optimism for potential rallies in the market performance for both. He also expressed confidence in BJP’s prospects in the market and election results.

Tata Motors Shares Slump Over 9% On Account Of Downgrading Post Earnings

StockMarket – Monday, May 13, 2024

The Indian stock market ended the day on a positive note on Monday. BSE Sensex rose by 111.66 points or 0.15 percent to close at 72,776.13, while Nifty gained 48.85 points or 0.22 percent to close at 22,104.05.

Moreover, Nifty Bank rose by 333 points or 0.70 per cent to settle at 47,754.10.

In the Sensex pack, Asian Paints, Sun Pharma, HDFC Bank, TCS, and Axis Bank were among the major gainers, while Tata Motors, NTPC, Bharti Airtel, Titan, and SBI were the major losers.

Voter’s Turnout

Compared to the Lok Sabha elections of 2019, the voter turnout in the initial phases of the current Lok Sabha elections has been lower. According to the Election Commission’s report, the voter turnout was 66.14 percent in the first phase, 66.71 percent in the second phase, and 65.68 percent in the third phase.

Today, on May 13, voting has begun for the fourth phase on 96 Lok Sabha seats across 10 states and union territories.