Indian stock markets will break all records on June 4: PM Modi

New Delhi, May 19 (IANS): Once the Lok Sabha election results are declared on June 4, the Indian stock markets will break all previous records, Prime Minister Narendra Modi said on Sunday.

In an exclusive conversation with Sanjay Pugalia, CEO and Editor-in-Chief, AMG Media Network, PM Modi said that the Indian indices are set to witness record highs after the poll results.

"With a week after election results, the Indian stock market will touch record highs and stock market programmers will get tired dealing with the rush," he said.

The Prime Minister said that Indians should shun their nervousness about investing in the market and join the momentum.

"New investors help grow the economy and people's risk capacity needs to increase with time. In the last 10 years, the markets have reached the 75,000-level from the 25,000 level," PM Modi emphasised.

The Prime Minister said that public sector undertakings (PSUs) stocks are now accelerating which no one had expected.

"Hindustan Aeronautics Ltd (HAL), the state-owned defence PSU, has made a record net profit of more than Rs 4,000 crore,” PM Modi noted.

The country is now the fifth country in the world with an equity market capitalisation of more than $4.5 trillion, behind the US, China, Japan, and Hong Kong. The BSE Sensex reached an all-time high of 75,124.28 in April. Both the indices traded at record-high levels in the opening trade on April 9, with the Nifty 50 surging above the 22,700 level. Strong domestic macroeconomic fundamentals have pushed the Indian stock market to reach new limits.




Top Stories

Comment on this article

  • prema, indian

    Mon, May 20 2024

    My personal opnion is that this is a bubble waiting to burst post 04-June-2024. The market definately needs a correction as the entire eposide looks like a major scam....... if 80 Crore people out of 144 crores population are provided free ration of 5Kgs food grains would it not be a bubble created by cronies thru offshore companies and unaccounted funds ...... food for thought

    DisAgree Agree [1] Reply Report Abuse

  • Monty Dotor, Mangalore

    Mon, May 20 2024

    I have purchased Reliance Industries and Jio Financial...

    DisAgree [3] Agree [3] Reply Report Abuse

  • Bobato Charlie, Mangalore

    Mon, May 20 2024

    Fodi ji and his tribe of venom-spewing hate mongers will collapse on June 4! Nafrat Ke Bazaar Mein, Mohabbat Ki Dukaan will be the new norm!

    DisAgree [3] Agree [4] Reply Report Abuse

  • Gautam Das, Bangalore

    Sun, May 19 2024

    In the same way rupee value also should break all records and inflation should ease, why it’s not happening????????……If only stock market goes up and rupee value goes down then what is value of the rupees collected??????…It’s a zero sum game!?!?,?!!?!?

    DisAgree [2] Agree [10] Reply Report Abuse

Leave a Comment

Title: Indian stock markets will break all records on June 4: PM Modi

You have 2000 characters left.


Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will be held responsible.