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Bulls, Bears and Other Beasts

4.38  ·  Rating details ·  1,048 ratings  ·  134 reviews

Lalchand Gupta takes you on an exciting journey through Dalal Street in this brief history of the Indian stock market post liberalization.

From tech booms and tax evasion to banks and money laundering; scams and crashes to fixers and investors, Lala has seen it all.

A comprehensive account of the stock market over the last 25 years, it tells you what to watch out for while

Kindle Edition, 395 pages
Published October 20th 2016 by Pan Macmillan India
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Average rating 4.38  · 
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 ·  1,048 ratings  ·  134 reviews

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Hitessh Panchal
Sep 07, 2018 rated it it was amazing
The Greatest Thriller Ever Written on Indian Stock Markets !!!

Year By Year account of India's greatest Stock exchanges.

The book is narrative of "Lala" a who starts his life with Indian Stock market from a low level and rises to the top.

You will encounter all big names like Harshad Mehta and Ketan Parikh and how they found loop holes in trading systems and fooled banks and Stock Exchange regulators and created multi million Scams.

Once you reach the end of the book, you will have different views
Swanand Kelkar
Apr 08, 2018 rated it it was amazing
This book is different than other investment books I have read. Its a fictional story of the evolution of Indian stock markets from the eyes of a fictional jobber/ trader - Lalchand Gupta. Though I use the word fictional twice in the earlier sentence, some real life characters are named while some others are easily guessable.

The book is primarily an 'events' book for the markets interspersed with the behind the scenes goings-on of traders, operators, promoters, money managers and regulators. I t
Jul 26, 2021 rated it it was amazing
If I were to compare Investing and Reading, reading this book was an Intra Day trade. Bought it at a recommendation of a meme page. From the moment I picked it up I knew I was in for a ride. This book is a primer for newbies and a reminder for oldies. For all the drama that has went into making the sterile markets of today with SEBI reigning supreme, there have been thousands of stories. It’s just a chronicle of these. Highly recommended for everyone who has invested even a rupee in the markets.
Oct 29, 2020 rated it it was amazing
Shelves: investing, history
Click a few taps, enter your password, add some funds, confirm the order and voila you are done..

One could be mistaken for thinking that the above simple steps are for purchasing something in the various e-commerce sites like Amazon. Well, these are the steps there but here I am talking about buying something as complex and critical like financial instruments ( shares/ETFs / MF etc). We must have seen old vignettes wherein people are shouting in a big hall trying to sell off shares like some op
Ketan Joshi
Apr 12, 2019 rated it it was amazing
Easily one of the best books i ever read on finance and the stock market. The author tells the story of the Indian stock market by creating a rivetting tale that combines both fact and fiction, taking us through the ups and downs of the stock market through the tale of a fictional character, the wily trader Lalchand Gupta. Very hard to put down onve you start reading. Must read if you want to understand what moves stocks on the market, how the mind of a trader works or to understand the wicked s ...more
Jan 21, 2017 rated it it was amazing  ·  review of another edition
Super start to the year with a fantastic book. Must read for all the participants of Indian markets.
Nitheesh Immadi
Sep 12, 2017 rated it it was amazing
Book with very valuable insights of the evolution of the India stock marker
Vinayak Hegde
A very interesting way to write a book on the Indian stock market from the 1980s to the present. Historical fiction applied to financial markets. Most of the characters are fictional (or based on composites of real characters) but the events depicted are real and the scams and the stock market manipulations mentioned are real with real figures and timelines (sometimes with real characters as well).

The book is a good historical account of the different ups and downs of the stock market as seen f
Udit Srivastava
Nov 01, 2020 rated it it was amazing
Amazing book for anyone who is interested in how Indian stock market evolved over a period of 30 odd years. The semi fictional narrative is an enthralling journey which you undertake with the protagonist Lalchand Gupta. He lies low, works hard and learns from others to become a successful trader. We see the different macro events unfolding in front of our eyes across the years and their impact on the stock markets. It also gives a ringfence view of how the dreaded 'operator' dupes the retail inv ...more
Harshit Misra
Apr 25, 2020 rated it it was amazing
One of the best books written on the Indian financial markets and a really easy read told through the story of Lalchand. As Lalchand evolves as a trader and stock broker in the story, you get to see the economy and the stock markets of India evolve with him. The book covers almost all key financials events in the period of 1990 to about 2015.
Jun 06, 2021 rated it it was amazing
Very fascinating to read and not boring at all. Writer has a knack to write well and in a manner that keeps you interested. If you are new you stock market or you are not someone who doesn't know the inner workings of a stock market, you get a taste of how things happen. You at-least get some clarity on the stock market. overall, very fun and educational read. strongly recommend. ...more
Shivam Pathak
Mar 03, 2021 rated it it was amazing  ·  review of another edition
For anyone interested in Indian Stock Markets, the best thriller out there.
Dipal shah
Mar 14, 2021 rated it it was amazing
It is good book for the newbie (Investor/Trader). The book is all about the stock market Journey from Floor Base Trading to Digital Trading. Also, How price change and what factors affect. Which mention In layman language.. Must read to know the Indian History of Stock Market.
Amit Jain
May 05, 2021 rated it it was amazing
It feels good to listen a story of indian stock markets from a person's perspective who is well connected with the market and yet still a common man.
Also, after watching Scam 1992, this book seems relatable in many aspects
Mar 14, 2017 rated it it was amazing
The book really captures all the elements necessary to know and understand what Dalal street is!
Ankit Agrawal
May 19, 2018 rated it it was amazing
There are hardly any books which talk about the Indian financial markets. This one belongs to a rare breed and is a highly riveting and engaging history of the Indian financial markets as a semi-fictional narrative. One gets to read about the high and mighty of the Indian markets, past and present, as well as a lot of inside dope on major historical events which the media in real time may have narrated differently. Some names are taken, some hinted upon and there are some one can figure out by c ...more
Navdeep Pundhir
Oct 06, 2018 rated it it was amazing  ·  review of another edition
I have been reading some books on the stock markets and the Global Financial Crisis of late. However, none of it could tell me about the Indian market more than that in pasaing.
Nair has weaved a wellknit story through the lives and times of a stock broker Lala who is the main protagonist of our story. He's a likeable character and within no time you begin to root for him. The catch of all this is that it tells you real stories of the Dalal Street. My father has been an investor for as old as I
Oct 02, 2019 rated it it was amazing
Shelves: non-fiction
A fantastic overview of the workings of the indian capital markets from the 90's to present day. It covers in detail the nuances of scams of Harshad Mehta, Ketan Parekh and Satyam.

I learnt a lot about the various bull and bear phases of the market and as a keen investor, I see history repeating itself in the capital markets today. While the names are different, the key trends all look alike, except with shorter boom to bust cycles due to a number of factors. Santosh's crisp writing style captiva
Sharvari Londhe
Mar 23, 2021 rated it really liked it
Extremely informative, engaging book, brilliantly written. Must read for every retail investor, tells how promoters, FIIs, brokers, big traders influence stock prices to trick us into thinking some stocks are a good buy. And lot of other market manipulation practices that used to exist and some which still exist. It'll help you understand alot of market jargons, which is amazing. Last few chapters got a little boring. But nevertheless, A MUST READ! ...more
Aravinthan ID
Jun 19, 2017 rated it it was amazing
Very interesting and detailed book to know the history of Indian share market. This book describes the all the ups and downs of the Indian share market in the past 40 years. And also it gives the some important lessons for the share traders and investors. Must read for all share market participants.
Nirav Mehta
Jan 29, 2018 rated it really liked it
An engaging fictional tale which covers the history and evolution of the Indian stock markets from the vantage point of a trader, and covers all the major events, including the scams, etc. Recommended to anyone with an interest in the equity markets
Jaydeep Kulkarni
Apr 16, 2020 rated it really liked it
It's a initial guide to Indian Stock Market history from 1887 to 2015.

It's journey of an Trader/Jobber Lalchand Gupta, it's very informative & interesting.

I recommend this book for new comer in the Capital Market.
Arnav Sethi
Dec 27, 2020 rated it it was amazing
Started reading this after binging 'Scam 1992' and gaining an interest in the history and working of the Indian Stock Market. This book effectively provides all the answers in a lovely story format alongside proper explanations when needed, for finance noobs like me.

Definitely recommended.
Amit Trivedi
Jan 04, 2017 rated it really liked it  ·  review of another edition
A fabulous account of the developments in the Indian stock markets. This gives you a ringside view of the happenings with many important lessons.
Prashant Ghabak
Oct 18, 2017 rated it really liked it
A very enjoyable read on history of Indian stock market through the eyes of a fictitious trader.
Aman Grover
Jun 29, 2018 rated it it was amazing
Brilliant book to get the glimpse of Indian stock market.
Thasmai Blr
Jun 23, 2020 rated it really liked it
Shelves: investing
Interesting, pacy book on the initial wild days of the Indian market. Must read for investors in the Indian equity markets
Bhawna Setia
Jun 23, 2018 rated it liked it
I came across this book by chance when I saw it lying on my friend’s bookshelf and it attracted me like a magnet. While many books have been written on Wall Street, you come across very few Indian stock market participants who come forward to share their experiences at Dalal Street.
The protagonist, Lalchand Gupta, started his journey as an assistant to a small stockbroker but grew by providing insider information to bigtime traders and investors - either through his contacts or through bribing.
Nov 13, 2017 rated it it was amazing
Shelves: personal-finance
This book left me with a feeling of watching the movie "Forrest Gump" except that the lead character was an intelligent stock trader and, the background is evolution of Indian Stock Market.
It takes us through the history and evolution of Indian Stock Markets through the life of the fictional character "Lala".
The book details on how Operators/Merchant bankers/Promoters/Big players (Beasts) used to manipulate the market for their own gains.
It shows examples of people getting carried away by the em
Laxman Selvam
May 28, 2021 rated it liked it
This book would be a great read for some one who has swum the stock markets and knows the nuts and bolts of its machinery.

For some like me, who is willing to but still oblivious of a lot of intricacies and jargons related to the market, a lot stuff mentioned in this book literally bounced off.

My takeaways from this book are Harshad Mehta's 1992 scam and Ketan Parikh's 2000s scam. These topics piqued my interest and I researched only to be amazed by how the money market system works and how wel
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