Union Home Minister Amit Shah on Monday advised investor to "buy before June 4", saying the market will shoot up after the elections.
Talking to a TV news channel, Shah said one must not link the recent corrections in the stock market to the Lok Sabha elections.
Pointing out that the market has undergone bigger corrections 16 times prior to this, the minister told NDTV India, "Stock market crashes should not be linked with elections, but even if such a rumour has been spread, I suggest you that buy (shares) before June 4. It will shoot up."
"I can't anticipate stock market moves. But normally whenever a stable government is formed at Centre, the market does well. I see $400-plus seat wins for BJP, a stable Modi government will be in power," Shah added.
The Nifty 50 has plunged more than 4 per cent from its all-time high on May 3. The BSE Sensex tanked over 700 points on Monday morning, dragging below the 72,000 level from the 75,000 mark on May 3.