Advertisement
Wednesday, Sep 22, 2021
Outlook.com

Bull’s Eye! The Amazing Upward Of Indian Stock Markets

The country’s bourses have ridden the waves and staved off downturns to stay on course for their record-breaking journeys

Bull’s Eye! The Amazing Upward Of Indian Stock Markets
Bull Run |
Bull’s Eye! The Amazing Upward Of Indian Stock Markets
outlookindia.com
2021-08-14T07:59:27+05:30

July 29, 2021, was the 67th birth anniversary of ‘Big Bull’ Harshad Mehta, an ambitious and optimistic investor-speculator who played a crucial role in inculcating and deepening the investment cult in the Indian capital market. On that day, social media was flush with backhanded eulogies on the master manipulator. “Happy Birthday legend…Thank you for creating interests of many haters towards stock market…They will hate you but can’t ignore you.”

During his short life of 47 years—he died on December 31, 2001—Mehta used unethical, and sometime illegal, means to play the markets. In a Bollywood movie inspired by Mehta, the protagonist is warned by the head of the stock exchange: “What you do is insider trading. There is no law against it in India. In the US, you would be in the prison for decades.” Mehta’s character retorts: “Bring in the law, and then I will think about it.”

But despite the fact that he was arrested and died an untimely death, the Big Bull of the 1990s wooed...

Advertisement

Outlook Newsletters

Advertisement

Read More from Outlook

Why PM Modi's US Visit Holds Key To India's Strategy On China, Afghanistan

Why PM Modi's US Visit Holds Key To India's Strategy On China, Afghanistan

Apart from in-person meetings with Joe Biden and Kamala Haris, PM Modi will address the UNGA and Quad summits and may share India's concerns on use of Afghanistan as a terror hub.

SAARC Summit Stands Cancelled As Pakistan Insists On Taliban's Participation

SAARC Summit Stands Cancelled As Pakistan Insists On Taliban's Participation

Lack of concurrence has been cited by the sources as the reason behind the cancellation as India along with some other members expressed dissent to the proposal.

Historical Blunders! KL Rahul Crestfallen After PBKS Gift Tie To RR

Historical Blunders! KL Rahul Crestfallen After PBKS Gift Tie To RR

KL Rahul said Punjab Kings 'haven't learnt from previous mistakes' after his team gifted the match to Rajasthan Royals.

Munna Bhais Still Flying High In High-Profile Entrance Examinations

Munna Bhais Still Flying High In High-Profile Entrance Examinations

Experts believe the swindlers have taken control of the entire system and they are doing so without any fear. They suspect one can get 99.5% only if one gets the question paper in advance.

Advertisement