Akhilesh Yadav's first reaction on Share Market Crash...
Domestic stock markets Sensex and Nifty fell by about five percent in afternoon trading on Monday. Amid the fear of trade war due to US President Donald Trump's tariff hike and China's retaliatory action, panic has increased among investors due to the fear of economic growth being affected worldwide. Meanwhile, Samajwadi party national president akhilesh yadav has commented on the latest developments. Akhilesh wrote on social media site X- Dear investors
Today, the fall of about Rs 19 lakh crore in the stock market in a single day is a sign of a great depression for the indian economy. The Kannauj mp wrote- The bjp government has emptied the pockets of the countrymen not only through inflation and corruption but also through the great fall of the stock market. The public should not forget that these are the same people who, while holding constitutional posts, had lured the general public in an illegal way to invest money in shares. The heartless middlemen who earn money from every purchase and sale of shares do not have even an iota of sympathy for the investors.
What was the condition of BSE, NSE till afternoon?
The SP chief wrote - We had warned earlier also and today we are warning again that the common investors, especially the middle class and the youth, should not fall prey to superficial greed, should have patience and also take care of their hard earned money. Let us tell you that in the early trade, the BSE Sensex fell by a massive 3,939.68 points or 5.22 percent to 71,425.01 points and the NSE Nifty slipped by 1,160.8 points or 5.06 percent to 21,743.65 points. In the afternoon trade, the Sensex fell 3,205.31 points or 4.25 percent to 72,159.38 and the Nifty fell 1,038.95 points or 4.54 percent to 21,865.50. The shares of all the 30 companies included in the Sensex fell. The share of Tata Steel fell by more than nine percent and the share of Tata Motors fell by more than eight percent.
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