Prime Minister Narendra Modi, in a television interview telecast on Sunday, said the stock market would have a strong run once the election results are out.
“You see, the day election results come out, and throughout that week, those who punch trades will get tired,” Modi said, responding to a question about whether the markets were displaying nervousness regarding the election outcome after pricing in the return of the incumbent government with a brute majority.
“Our government has implemented maximum economic reforms and pro-entrepreneurship policies to strengthen the economy. We started at 25,000, and now the Sensex has reached 75,000 points. The more common people invest in stock markets, the better for the economy. And the risk appetite of every citizen should rise,” said Modi. He said the shares of public-sector undertakings were also rallying these days.
