The document provides an overview of the stock market in India. It discusses that there are over 5,133 total companies listed on Indian stock exchanges, with the two major exchanges being the Bombay Stock Exchange (BSE) located in Mumbai with over 3,000 listed companies and the National Stock Exchange (NSE) located in Dalal Street, Mumbai with over 1,200 listed companies. It also provides details on important stock market terms like bull and bear markets and requirements to invest in the stock market. Finally, it discusses the 1992 securities scam perpetrated by stock broker Harshad Mehta, who was accused of diverting over Rs. 4,000 crore from banks to stock brokers between 1991-1992.
28. Mehta was born on 29 July 1953
Guajarati jain
Jyothi Mehta
Died on 31-12-2001
Amount : Rs.4,000 crore.
The fraud: Responsible for the securities scam
of 1992.
Method: Accused of diverting funds from Harshad Mehta, Broker.
banks to the tune of over rs.4,000 crores to
stock brokers bewteen 1991-1992.