Prime Minister Narendra Modi expressed gratitude to the nation for rejecting deceitful politics and embracing a politics of trust in the recent Lok Sabha elections. Addressing the Rajya Sabha during his reply to the Motion of Thanks on President’s Address, PM Modi praised the electorate’s wisdom and intelligence, asserting on their preference for performance over propaganda.
Highlighting the impact on financial markets, PM Modi noted, “Election results have not only enhanced domestic capital markets but also sparked enthusiasm globally.” This statement coincided with the BSE Sensex reaching a historic high of 80,000 today, a rapid climb from 75,000 in less than three months. Investor confidence and economic optimism surged, particularly after PM Modi’s oath ceremony on June 9, which propelled the Sensex to 77,000 the following day.
The Sensex’s ascent began on April 9, touching 75,000 initially and steadily rising to 76,000 by May 27. On June 10, just under a month after reaching 76,000, the index soared past 77,000. Within another 15 days, by June 25, it breached 78,000 and further surged to 79,000 points within two days.
During his campaign for the Lok Sabha elections, PM Modi had predicted record highs for the stock market following the declaration of election results. His confidence in the market’s response post-June 4 was evident, aligning with his party’s successful electoral outcome.
