In a landmark announcement during the ongoing Lok Sabha elections, Prime Minister Narendra Modi forecasted a historic win for the BJP-led NDA government and predicted record highs for the stock markets on June 4. Following his bold prediction, the benchmark Nifty index crossed the 22,800 mark for the first time during Thursday?s trading session, according to a report by news agency ANI.
The Nifty index reached an unprecedented high of 22,852, while the Sensex surged to 74,917, just shy of its all-time high of 75,124.
In an interview, PM Modi stated, ?Wait and watch on June 4; the programmers behind the stock market will get tired of the action.? He suggested that financial markets would set new records on June 4, the day the Election Commission will tally the votes from the seven-phase Lok Sabha elections.
Both indices experienced significant gains on Thursday, achieving record highs after a flat opening. The Nifty index started at 22,614 points, while the Sensex began at 74,253 points. All broader market indices opened in green with marginal gains.
Over the past week, Indian indices displayed mixed performance amidst the ongoing elections. However, investor confidence in the Indian market appears to be rising as the result date approaches, according to market experts quoted by ANI.
