Brief by Shorts91 Newsdesk / 02:06pm on 19 Jul 2024,Friday Business
The Securities and Exchange Board of India (Sebi) has cleared allegations of market manipulation and insider trading related to the exit polls conducted on June 3, 2024. Following the release of exit poll results, which initially led to a stock market surge, a sharp decline on June 4 resulted in losses exceeding Rs 31 trillion. Trinamool Congress MP Saket Gokhale had requested Sebi to investigate potential manipulation by the BJP and polling agencies. However, Sebi’s analysis, after reviewing data from all market institutions, found no evidence supporting these claims. The market behavior was attributed to the discrepancies between exit polls and actual election results.
