Scam 1992 - The Harshad Mehta Story season 1 episode 1 Recap and FAQ

Episode Summary

In the early 1990s, India's economy and technology begin transforming, with the Bombay Stock Exchange emerging as a beacon for new investors. Sharad Bellary from SBI reveals a massive fraud implicating Harshad Mehta, a prominent figure in the stock market. Flashbacks show Harshad's rise from modest beginnings to a skilled market player, using insider information for profit. He eventually opens his own trading account, amplifying his gains. Harshad's alliance with Pranav, to manipulate penny stocks, marks a bold move in his career. However, a sudden market crash orchestrated by rivals leads to a significant setback, underscoring the precarious nature of stock trading and setting the stage for further developments in Harshad's story and the SBI scandal.

Full Episode S01E01 Recap

### Early 1990's: The Changing Era in India - The era is marked by significant transformations in India, notably in the economic and technological spheres. - The Bombay Stock Exchange becomes a focal point for the common man's aspirations in the stock market. ### Sharad Bellary's Urgent Information - Sharad Bellary from SBI rushes to a newspaper office to reveal a significant fraud at SBI. - He struggles to find someone who understands the technicalities of the banking sector. ### Sharad Meets Sucheta - Sharad is directed to meet Sucheta, a knowledgeable editor. - He informs her about a massive fraud at SBI involving 500 crores, implicating Harshad Mehta. ### Flashback to Harshad Mehta's Early Life - Harshad's journey from a lower-middle-class background to becoming a top taxpayer is highlighted. - His initial struggles and aspirations set the stage for his entry into the stock market. ### Harshad's Foray into the Stock Market - Harshad starts as a jobber in the Bombay Stock Exchange, quickly learning the trade. - He meets various market players, understanding the dynamics between Bulls and Bears. ### Insider Trading and Rising Profits - Harshad uses insider information to make profits, regardless of the impact on the companies involved. - His tactics involve manipulating stock prices through insider tips and strategic buying and selling. ### Harshad's Ambition Grows - Dissatisfied with being just a jobber, Harshad aims to start his own venture in the stock market. - He opens his own trading account, marking a significant shift in his career. ### Harshad and Pranav's Partnership - Harshad partners with Pranav, another market player, to manipulate penny stocks for profit. - Their strategy involves creating rumors and manipulating low-value stocks for significant returns. ### A Major Setback in the Market - Harshad faces a massive loss due to a sudden market crash, orchestrated by other market players. - This incident marks a crucial turning point, showing the volatile nature of the stock market. ### The Story Continues - The episode ends with the anticipation of further developments in Harshad's story and the impending consequences of the SBI fraud.

Frequently Asked Questions

Who is Sharad Bellary?

Sharad Bellary is an employee from SBI with urgent information about a fraud at SBI.

What information does Sharad Bellary reveal?

He reveals a massive fraud at SBI involving 500 crores, implicating Harshad Mehta.

Who is Harshad Mehta?

Harshad Mehta is a significant figure in the Indian stock market, known for his rapid rise and involvement in financial scams.

What was Harshad Mehta's background?

Harshad came from a lower-middle-class family and faced various struggles before entering the stock market.

How did Harshad Mehta start in the stock market?

He started as a jobber in the Bombay Stock Exchange and quickly learned the intricacies of the market.

What strategy did Harshad Mehta use to earn profits?

He used insider information to manipulate stock prices for his benefit, engaging in insider trading.

What change did Harshad Mehta make in his career?

Harshad transitioned from being a jobber to opening his own trading account, allowing him more control and profit.

Who did Harshad Mehta partner with in the stock market?

He partnered with Pranav, another market player, to manipulate penny stocks.

What was the nature of Harshad and Pranav's stock market strategy?

Their strategy involved creating rumors about certain stocks and manipulating their prices for profit.

What major setback did Harshad Mehta face?

Harshad faced a significant loss due to a market crash caused by other market players.

What is the significance of the Bombay Stock Exchange in this story?

The Bombay Stock Exchange is depicted as a hub for the common man's investment dreams and a playground for market manipulators like Harshad Mehta.

What is the impact of Harshad Mehta's actions in the stock market?

His actions lead to significant fluctuations in the market, affecting numerous investors and companies.

What is the theme of the episode?

The episode focuses on the rise of Harshad Mehta in the stock market and the beginning of major financial frauds in India.

How does the episode portray the early 1990s in India?

It portrays the era as a time of change, especially in terms of economic growth and the advent of the stock market as a popular investment platform.

What can be expected in the continuation of the story?

The story is expected to delve deeper into Harshad Mehta's financial maneuvers, the unfolding of the SBI fraud, and its repercussions.

Scam 1992 - The Harshad Mehta Story season 1 episode 1

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