Stock market manipulation: TMC MPs ask Sebi to probe stock market manipulation through exit polls.
In a letter to Sebi’s Madhabi Puri Buch, Gokhale said multiple exit polls predicted a landslide victory for the BJP. But one exit poll predicted “very odd” and “inflated seat numbers” for the BJP in several Indian states.
As a result of the exit poll on June 3, the stock market showed a sharp rise.
However, when the election results were announced the next day, the market plunged due to a ‘significant discrepancy’ between opinion poll predictions and actual results. As a result, investors suffered losses of over Rs 31 lakh crore on June 4.
Gokhale, a member of the All India Trinamool Congress, urged Sebi to probe the exit poll-induced stock market surge and subsequent crash. He said Sebi should probe which institutions or investors had made huge profits on June 3 and whether they had any links with the BJP or poll agencies. He asked Sebi to investigate whether the same group had indulged in short selling on June 4, the day the election results were announced.
