India's opposition leader seeks probe into stock market moves during election

Congress leader Rahul Gandhi has called for an investigation into stock market fluctuations preceding India's recent elections, alleging Prime Minister Narendra Modi provided misleading investment advice. Exit poll projections on June 3 led to a surge in stock markets, with the NSE Nifty 50 and S&P BSE Sensex rising significantly. \r

Modi and his ministers had suggested market gains upon election results on June 4. Gandhi proposed a Joint Parliamentary Committee (JPC) probe into their statements and foreign investors involved in the trades. In response, outgoing trade minister Piyush Goyal accused Gandhi of misleading investors and pressuring foreign investment. The Securities and Exchange Board of India (SEBI) is reportedly examining trade patterns for suspicious activity. \r

Requests for comment from Modi's office and Shah's aide went unanswered.