New Delhi: Congress leader Rahul Gandhi has expressed concern over the decline in the stock market. He has asked the party to make a strategy to protect young investors, employed people and common citizens. Rahul Gandhi said this in a conversation with Pawan Kheda, Chairman of the Media and Publicity Department of Congress on Saturday. He said that the stock market is risky. Party leaders should find new ways to caution small investors and protect their savings. Rahul Gandhi associated himself with the issue and said, ‘If you want to involve me in this, then tell me how.’ Rahul Gandhi wants to run a campaign to protect small investors.
Rahul Gandhi has shared a video of this conversation on Instagram. Along with this he has written, ‘Who is in the gang protecting the corrupt?’
Sensex has reached below the level of 80,000
This month there has been a huge decline in the stock market. On Friday, BSE Sensex fell 662.87 points and closed at 79,402.29. NSE Nifty fell 218.60 points to reach 24,180.80. This is the fourth consecutive week that the market has seen a decline.
Recent decline has increased tension
The decline in Indian stock markets in the month of October has worried investors. This decline is due to many reasons.
Foreign institutional investors (FIIs) have sold Indian shares on a large scale in October. This selloff has been caused by volatility in global markets and inflationary pressure in India. Apart from this, geopolitical tensions like Ukraine war and China-US trade war have increased volatility in global markets. This has also affected the Indian stock market. Fears of a global economic recession have affected investor sentiments.