Skip to main content

Biggest Scams in Indian Stock Markets

Markets are less volatile, so why not look back at those people who created huge volatility and mess in the Indian stock markets. Yes, we are talking about biggest scamsters in Indian stock markets. These are the biggest scams that hit the Indian stock markets which created havoc among investors and traders.

Read it, know it and don't forget it !

Ramlinga Raju , Founder, Satyam Computers.
Amount : Rs.8,000 crores.
The fraud: Cooked up account books of his company.
Method: Inflated revenues and hid liabilities.


Harshad Mehta, Broker.
Amount : Rs.4,000 crore.
The fraud: Responsible for the securities scam of 1992.
Method: Accused of diverting funds from banks to the tune of over rs.4,000 crores to stock brokers bewteen 1991-1992.

Ketan Parkekh Promoter, NH securities.
Amount : Rs.1,500 crores.
The fraud: Accused of price rigging.
Method: Used to trade in shares under fictious names.

CR Bhansali, Founder, CRB capital markets.
Amount : Rs.1,200 crores.
The fraud: Cheated public of over 1.000 croroes and the sbi of 57 crores.
Method: Raised money from public and transferred it to non-existent companies.

Dinesh Dalmia former MD, DSQ Software.
Amount : Rs.595 crores.
The fraud: Dalmia resorted to illegal ways of making money.
Method: Dalmia resorted to illegal ways of making money through the shares of DSQ software.

Buyer beware !

Comments

  1. Surely these scams created volatility in the markets.

    ReplyDelete
  2. Thanks for the all time scam list.

    This just shows that the market is not yet so secure,and there are still loopholes in them.

    ReplyDelete
  3. Wow lets hope my portfolio is safe. Your blog is presented really well.

    ReplyDelete
  4. You don't have to worry Sumi, as long as you have invested in sound companies.

    ReplyDelete

Post a Comment

Popular Posts

Your Bill Amounts Are Going To Increase From June 1, 2016

Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers. It is categorized under Indirect Tax and came into existence under the Finance Act, 1994. Union Finance Minister, Arun Jaitley, in his budget announcements proposed to impose a cess, called the Krishi Kalyan Cess, @ 0.5% on all taxable services. The present rate of service tax will be hiked to 15 per cent from June 1, 2016, from 14.5 per cent. Take a look at what gets expensive:



Phone Bills: Your phone bills are going to go up. So, pay a good 15 per cent now on service tax on phone bills.

Restaurant Bills :If you are dining in a restaurant that already has service tax applicable, you are going to pay more on your eating out. Though 0.5 per cent on a single bill may not mean much, frequent diners may end-up paying a lot during the year.

Travelling: You will have to pay more for air travel, as there is a service tax on tour operators and travel agents.

Moneycontrol Terminal - Streaming Live Quotes

Moneycontrol has introduced a new feature Moneycontrol Terminal - an enhanced version of real time price updates. Though there were live quotes provided by the website previously, the present form  gives a better update of live quotes of indices and stocks.

This terminal provides live streaming quotes for both NSE and BSE free. It also provides quotes for most of the indices and also the constituents/stocks of the indices in BSE and NSE.  The terminal also provides live news and other market news, which might be useful for traders. The hardware recommended is minimum of 1 GB RAM.

It would be better if stock of any choice could be added ( market watch of a set of stocks ), which would be easier to track one's trading positions. Anyway, this is a better alternative for people who don't have access to any trading software, to view live action of the markets.




You could just try the same here at Moneycontrol Terminal


NSE Level 3 Data

Before we get into details of NSE Level 3 Data, it is important to first understand the basic operations of the stock market.  All publicly traded equities have a bid price and an ask price when they are bought and sold. The bid is the highest price a trader( or an investor) is willing to purchase a stock. The ask is the lowest price in which he is willing to sell a stock.


Depth of the Market(DOM):Looking at a Level 1, Level 2 or Level 3 quotes can give a trader, a basic idea of how a stock is performing at any given time.

Level 1 Market Data provides the basic market data which includes Bid price, Bid size, Ask price and Ask size.

Level 2 Market Data provides more information than Level I data. Mainly, it doesn't just show the highest bid and offer, but also shows bids and offers at other prices. Now level 2 provides market depth data upto 5 best bid and ask prices.

Level 3 Market Data provides market depth data upto 20 best bid and ask prices .  This primarily used by brokers and ma…