No Evidence Of Unfair Trading In Post-Election Market Crash: Minister Of State For Finance

“On June 4, 2024, the date of the general election results announcement, the Sensex and Nifty 50 decreased by 5.7% and 5.9%, respectively. The indices recovered within three days and have since reached record levels, with an increase of 12.9% and 13.3%, respectively, as of July 18, 2024,” Chaudhary said.

He added that the approximate Rs 30 lakh crore decrease in market capitalisation on June 4 was fully recovered within five days, and by July 18, market capitalisation had increased by around Rs 59 lakh crore.

SEBI, as the statutory regulator of the securities markets, is tasked with maintaining regulatory and surveillance frameworks to ensure stable market operations and investor protection.

The regulator conducts regular surveillance to uphold market integrity and addresses any alleged violations of its regulations through appropriate enforcement actions under the SEBI Act, 1992.

Chaudhary highlighted that stock market movements depend on investor perceptions and other factors, including global economic conditions, foreign capital flows, domestic macroeconomic parameters, and overall corporate performance.

(With inputs from PTI)