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Congress leader Rahul Gandhi on Thursday slammed Narendra Modi and Amit Shah, noting that their unsolicited advice to investors led to a ₹30 lakh crore loss due to the market crash on the day the Lok Sabha election results were announced. He also demanded a Joint Parliamentary Committee (JPC) probe into the matter. Rahul Gandhi said, "For the first time, we noted that during the elections, the prime minister, the Union home minister and the finance minister commented on the stock market. PROMOTED These Photos Are Not Edited - This Is China investing.com | Sponsored Health Insurance For Senior Citizens in Garden Reach | Starting @ ₹21/Day* Health Insurance | Sponsored Nitish Kumar, Chandrababu Naidu joining INDIA bloc? Uddhav Thackeray says…. Live Mint Unseen 2022 Unsold Car Prices in West Bengal (Limited Time) Unsold Cars | search ads | Sponsored Why Modi 3.0 coalition govt is good news for India. Explains Yogendra Yadav Live Mint Garden Reach: New Small Electric Cars May Be Cheaper Than You Think Stufftopics | Sponsored Pierce Brosnan's Wife Lost 120 Pounds - This Is Her Now Periodical_Maariv | Sponsored Unsold Cars Clearance of 2022 in Garden Reach (Limited Time) Unsold Cars Clearance | Search ads | Sponsored “The prime minister said the stock market is rising at a great speed. The Union home minister said that on June 4, the stock market would be on the rise and you all should invest, and a similar statement was made by the finance minister...Amit Shah said buy shares before June 4. On May 19, PM Modi said the stock market would break records on June 4…" He further asserted, “The retail investors lost ₹30 lakh crore, this is the biggest stock market scam." "Why did PM Modi and Union home minister give specific investment advice to the five crore families investing in the stock market? Is it their job to give investment advice? Why were both interviews given to the same media owned by the same business group, which is also under SEBI investigation for manipulating stock?" he said. “What is the connection between the BJP, the fake exit pollsters and the dubious foreign investors who invested one day before the exit polls were announced and made a huge profit at the cost of five crore salaries? We demand a JPC probe into this. We are convinced that this is a scam. Somebody has made thousands of crores of rupees at the cost of Indian retail investors, and the prime minister and the Union home minister have given an indication to buy. So we demand today a joint parliamentary committee to investigate this." BJP fell 32 seats short of the 272 majority mark The counting of votes for the 2024 Lok Sabha elections was held on June 4. According to the Election Commission of India, the BJP won 240 seats, much lower than its 2019 tally of 303. The Congress, on the other hand, registered a strong growth, winning 99 seats. The INDIA bloc crossed the 230 mark, posing stiff competition, and defying all predictions. Prime Minister Narendra Modi has secured a third term, but the BJP will need to rely on the support of other parties in his coalition - JD(U) led by Nitish Kumar and Chandrababu Naidu's TDP. After all votes polled in the 2024 Lok Sabha elections were counted, the BJP fell 32 seats short of the 272 majority mark. For the first time since the Bharatiya Janata Party swept to power in 2014, it did not secure a majority on its own. You are on Mint! India's #1 news destination (Source: Press Gazette). To learn more about our business coverage and market insights Click Here! Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News. More Published: 06 Jun 2024, 06:13 PM IST Topics You May Be Interested In Rahul Gandhi Narendra Modi Amit Shah Lok Sabha elections stock market crash You May Like Beckham Marries One Of The Richest Heiress In The World investing.com No Upper Age Limit For Health Insurance. Senior Health Insurance Upto Rs.5Lakh @ Just Rs.21/Day. Health Insurance INDIA bloc offered Deputy PM post to Nitish Kumar, says report The opposition-led INDIA bloc offered Nitish Kumar the Deputy Prime Minister role and special status for Andhra Pradesh to NDA partners TDP and JDU. This came after the EC trends reflected that INDIA is giving tough competition to NDA alliance. Live Mint by TaboolaPromoted Links NEXT STORYfootLogo BackBack Rahul Gandhi to be made leader of Opposition in Lok Sabha? Congress leaders, Sanjay Raut say ‘no objection if…’ 2 min read 06 Jun 2024, 06:06 PM IST checkcibilBtn Livemint Lok Sabha Elections 2024: After Congress' victory in 99 Lok Sabha constituencies, party leaders and MPs advocate for Rahul Gandhi to assume the role of Leader of Opposition in Lok Sabha Leaders of Indian National Congress (INC) party Rahul Gandhi (R) speaks to his sister Priyanka Gandhi Vadra (C) during an address by party President Mallikarjun Kharge (not pictured), after a meeting of opposition alliance Indian National Developmental Inclusive Alliance (INDIA) bloc in New Delhi on June 5, 2024, on the following day of voting results for India's general election. (AFP) Leaders of Indian National Congress (INC) party Rahul Gandhi (R) speaks to his sister Priyanka Gandhi Vadra (C) during an address by party President Mallikarjun Kharge (not pictured), after a meeting of opposition alliance Indian National Developmental Inclusive Alliance (INDIA) bloc in New Delhi on June 5, 2024, on the following day of voting results for India's general election. (AFP) Get Instant Cash upto 10 lakhs in 10 min Apply Now Lok Sabha Election Result 2024: Congress leader Rahul Gandhi is set to become the leader of Opposition in Lok Sabha? The grand old party secured a victory in 99 Lok Sabha constituencies, marking huge gains in Uttar Pradesh and Maharashtra. According to reports, Congress has been urging Rahul Gandhi to take up the position of Leader of Opposition in the Lok Sabha.