PM Narendra Modi's prediction becomes true as Sensex rallies over 5800 points after result

The domestic stock market may be trading in the red today with a slight loss, but it remains near its all-time high level. In the last few days, there has been such a rally in the domestic market that the market is making new records almost every day. Even a day before, the market has achieved a new all-time high level. With this, a prediction of Prime Minister Narendra Modi has also proved true.

PM Modi had made this claim

Prime Minister Narendra Modi had said during the campaign for the Lok Sabha elections 2024 that the market will see a historic rally after the election results are out. He had claimed that the domestic stock market is going to set new records and reach new heights after the Lok Sabha elections. PM Modi's claim has been proven true within two weeks of the results.

Such a drop on the day of counting

In the first week of this month, on June 4, when the results of the Lok Sabha elections 2024 were coming out, the market had gone into a huge loss that day. On the day of counting, the Sensex fell by more than 6,200 points intraday. After the end of trading, the Sensex finally closed at 72,079 points with a loss of 4,390 points (5.74 percent). Similarly, the Nifty fell 1,379 points (5.93 percent) to 21,885 points.

The stock market is at this level right now

Today in early trade, the Sensex is trading below 77,250 points with a slight decline of 96 points (0.12%). Earlier on Wednesday, the Sensex had made a new all-time high of 77,851.63 points. Nifty is trading 25 points down near 23,490 points today. Earlier on Wednesday, the Nifty had made a high of 23,664 points.

Due to this there was a rally in the market

If we compare it with the level of the day of the election results, the stock market has rallied more than 10 percent so far. The Sensex is currently trading about 5800 points higher than that day. The return of the Modi government for the third consecutive time is being held responsible for this rally of the market. On the day of the election results, the market had collapsed when the BJP was far from getting a majority on its own. However, when the NDA government was formed comfortably under the leadership of PM Modi, the market again returned to the path of rally.

Also read: IPO got fully subscribed on the first day, premium is already up by 25% in the grey market

Japanese Gymnast Sent Home from Paris Olympics for Smoking

Japanese Gymnast Sent Home from Paris Olympics for Smoking

Japanese Olympic gymnast Shoko Miyata is set to miss the 2024 Paris Olympics for smoking. The 19-year-old captain of the ...
3 reasons why Riyan Parag was selected in the Indian team for the 2024 Sri Lanka series, T20 and ODI

3 reasons why Riyan Parag was selected in the Indian team for the 2024 Sri Lanka series, T20 and ODI

Indian Squad for Sri Lanka Tour 2024: BCCI has announced Team India for the T20 and ODI series against Sri ...
Microsoft service stopped working worldwide, know how long it will take to recover?

Microsoft service stopped working worldwide, know how long it will take to recover?

There was a technical problem in Microsoft's server on Friday. After this, TV telecast, banking and work of many corporate ...
Health Lifestyle Marathi News Monsoon season increases the risk of lung-related disease due to dengue and malaria, say health experts…

Health Lifestyle Marathi News Monsoon season increases the risk of lung-related disease due to dengue and malaria, say health experts…

Health , When monsoon arrives, dew spreads in the atmosphere. This season seems very pleasant due to the blooming of ...
Microsoft Server Outage Check Services Affected Airlines Banks Stock Market CrowdStrike Blue

Microsoft Server Outage Check Services Affected Airlines Banks Stock Market CrowdStrike Blue

The services of Microsoft, one of the world's largest companies, were badly affected on Friday. Due to a software update, ...
India CRPF's two elite dog K9 squad teams to be deployed at Paris Olympic 2024 venue for security

India CRPF's two elite dog K9 squad teams to be deployed at Paris Olympic 2024 venue for security

Paris Olympics 2024: The colourful opening of the Paris Olympics will be on 26th July and these games will continue ...
Microsoft Server CrowdStrike laptop or desktop showing a blue screen error know what is Blue Screen of Death

Microsoft Server CrowdStrike laptop or desktop showing a blue screen error know what is Blue Screen of Death

Microsoft Server Down: Microsoft Windows users around the world are facing problems in their operating system. Millions of Windows users ...
Best CCTV Cameras Under rs 1500 CP PLUS 2MP Full HD CCTV Tapo TP-Link C200 IMOU 360° 1080P Full HD

Best CCTV Cameras Under rs 1500 CP PLUS 2MP Full HD CCTV Tapo TP-Link C200 IMOU 360° 1080P Full HD

Best CCTV Cameras for Home and Office: CCTV cameras have become very necessary in today's time. Through this we can ...
Mutual Funds: The environment of industries has improved, now investing in such mutual funds will give good income

Mutual Funds: The environment of industries has improved, now investing in such mutual funds will give good income

The industrial environment in the country has improved. Recent figures are confirming this. According to official data, the combined index ...
SBI SCO Recruitment 2024 for 1040 Posts Registration Begins Last Date 8 August Eligibility Selection Salary Govt Job

SBI SCO Recruitment 2024 for 1040 Posts Registration Begins Last Date 8 August Eligibility Selection Salary Govt Job

SBI SCO Recruitment 2024 Registration Begins: If you want to work in a bank, then you can apply for these ...

Leave a Comment