: Starting as a small-time jobber in the Bombay Stock Exchange (BSE), Harshad Mehta uses aggressive loopholes, charisma, and a deep understanding of banking systemic flaws to artificially pump up stock valuations. He earns the moniker "The Big Bull" and the "Bachchan of BSE".
In 1991-1992, Harshad Mehta exploited a loophole in the banking system. He colluded with bank officials at small cooperative banks. He would get "Bank Receipts" (promises to pay) issued against government securities. He would then use these BRs to borrow massive sums from other banks. The funds thus obtained were pumped into the stock market, creating a bull run that sent the BSE Sensex skyrocketing from 1000 to 4500 points.
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