Rahul alarmed over stock market risks; urges Congress to protect investors
In a video of a phone conversation with Pawan Khera – chairman of the Congress' media and publicity department – Rahul described the stock market as a "space of risk"
Congress leader Rahul Gandhi voiced concern on Saturday (October 26) over the recent sharp drop in Indian stock markets, urging the party to find ways to protect the interests of young investors, the salaried class, and the common people.
'Space of risk'
In a video of a phone conversation with Pawan Khera – chairman of the Congress' media and publicity department – Rahul described the stock market as a "space of risk" and urged party leaders to devise innovative ways of cautioning retail investors for protecting their hard-earned money.
"If you want me involved in it, tell me how," Rahul told Khera, expressing his willingness to be part of a communication campaign to protect the interests of retail investors.
Also Read: Congress’s health is important to national polity, so party must regain its mojo
Markets tumble
The former Congress president posted a video of the conversation with Khera on Instagram with the caption, "Who is in the syndicate that guards the corrupt?" Investors' wealth eroded by a whopping Rs 6.80 lakh crore on Friday as equity markets tumbled, driven by a sharp fall in IndusInd Bank shares and unabated foreign fund outflows.
The BSE Sensex plummeted 662.87 points to settle at 79,402.29 on Friday.
Also Read: Wayanad bypolls: Priyanka to file nomination, hold roadshow today
The NSE Nifty tanked 218.60 points to 24,180.80. The index closed lower for the fourth consecutive week on Friday.
(With agency inputs)