‘Tight Slap’: Sensex rises as netizens say investors don’t believe ‘Congressional propaganda on Hiddenburg’

As the Indian National Congress attacked the central government over Hiddenburg, netizens termed the resilience shown by the market on Monday, namely the rise in the Sensex index, as a “powerful blow” delivered by Indian investors.

Netizen Ankur Singh posted on X, “Rahul Gandhi created fear that Indians’ money invested in the stock market is at risk and the market will crash. He did this to crash the market… Then they ran a paid campaign paying $5000 to execute the Hindenburg Plan… Investors looked at the reports and found nothing. They know that Hindenburg is executing a plan against India and the only person supporting it is Rahul Gandhi.”

Another user, Himanshu Jain, wrote on X, “Rahul Gandhi’s economic conspiracy to hit the #Sensex, cause huge losses to the Indian middle class and tarnish India’s image has failed. This big expose on RG. Even the #HidenburgReport failed to destroy #Bharat. Markets are stable for now. This late night statement has been denied by India.”

Others, including those using the handles ‘Tathvam-asi’ and ‘Sanju Verma’, shared the same sentiment.

Some called it “parliamentary propaganda.”

US short seller Hindenburg Research has alleged that SEBI Chairperson Madhavi Puri Buch and her husband had invested in an unnamed offshore fund used in the Adani money misappropriation scandal. Buch and her husband on Saturday denied the allegations as baseless and maintained that their finances were completely exposed.

Also Read | SEBI says all but one probe into Adani completed; Chief Madhavi Buch says Hindenburg allegations are baseless

Madhavi Puri Buch and Dhaval Buch said in a statement that it was unfortunate that Hindenburg Research, against whom SEBI has taken enforcement action and issued a show-cause notice, has chosen to attempt character attacks in response.SEBI on Sunday said it has completed its investigation into all but one of the allegations against the Adani Group after US short-seller Hindenburg Research accused it of delaying the investigation possibly because its chairman had invested in a fund at the centre of the probe.The head of the markets regulator said the allegations were “baseless” and an attempt at “character attacks”.

But the allegations have sparked a political row, with Leader of the Opposition Rahul Gandhi questioning SEBI’s integrity and calling for Bhukh’s resignation, while the Bharatiya Janata Party (BJP) has accused it of a Congress conspiracy to subvert the markets.