‘Scam 1992,’ directed by Hansal Mehta, is a 10-episode Hindi series about a current subject. This is a series based on journalist Sucheta Dalal’s and Debashish Bashu’s book “Scam.” With a 9.6 out of 10 ranking on IMDb, it is currently the highest-rated Hindi language Indian web series. This web series, which explains a lot about the Bombay Stock Exchange, is gaining popularity not only in India but across South Asia.
Despite its long history, the condition of the Bombay Stock Exchange in the 1990s was no different than that of today’s share markets in South Asia, whether in Sri Lanka, Bhutan, Nepal, or other countries. As a result, it is gaining some ground. Meanwhile, this scam is discussed in MBA programs at a number of Indian universities.
Harshad Mehta, a struggling person, gets into the top through the secondary market and his entry through the money market in Scam 1992. Despite the fact that it is known as a fraud, the series shows how he exploits a loophole in the system to amass his fortune. Other films or shows, such as Gafla, Wolf of Wall Street, and Big Short, have also clarified the stock market, but this web series is special. Here are some of the reasons why Scam 1992 – The Harshad Mehta Story is a must-see for stock market investors.
The Rule of the Big Investor
Small investors have been attempting to dance around the big investors’ moves. Big investors are the ones who decide where the market can go next, and they are the ones who evaluate the bull and bear market trends to a greater degree. The company’s condition or the PESTEL environment can affect the market trend wave, but the wave decided by big investors leaves an equal mark in the stock market. You’ll be wiser if you go with the river.
Influences of Insider Trading
Scam 1992 not only discusses how insider trading affects financial practices, but it also paints an image of how insider trading can never be fully eliminated from the stock market. Insider trading has an effect on the market in one way or another, and there are people who leak information anyway. The series goes on to describe the consequences of insider trading and how it affects the market.
There is a loophole.
Harshad Mehta’s actions are not expressly unconstitutional. It was all part of a well-planned scheme in which no one stood to lose – but everybody stood to gain. He reached the backdoor and profited from it after figuring out the system’s loophole. Though technology has helped to close some of these gaps (for example, months of keeping funds when applying for an IPO in Nepal), there may still be loopholes that go unnoticed.
Collaboration has the potential to be fatal.
It is simple to form a relationship, but it is more difficult to keep it going. The relationship is more than a contract; it is also a feeling of equality. Although one partner is making progress, if the other thinks he or she is falling behind, it may turn deadly at any moment. Here, we can choose to take a partner at our leisure at any time; however, what happens if we can’t keep our word in the long run – is well illustrated in the web series Scam 1992.
Our minds are shaped by the media.
In today’s culture, the media plays a significant role. No one had ever considered it before. This series is also a great lesson for the media in terms of how they should report – it shows how the media should do analysis and then come up with a compelling story. Sucheta Dalal, a journalist, was unconcerned about the opinions she could get and instead went out to make a difference in society. In the meantime, it discusses how the media shapes society’s mentality.
The Function of the Regulatory Body
The regulatory body is responsible for investigating all actions that do not follow the rules. If they are unable to do so officially, there are still informal ways to work them out; however, unfair practices should be taken into account. The role of the RBI Governor in this series perfectly illustrates how the regulatory body can keep a close eye on the activities taking place in the country’s financial world.
So, if you’re a novice or an expert in the stock market, feel free to watch the series. All stands to profit from it.