A Brief History of the Indian Stock Market

A concise, story-driven history of the Indian stock market for anyone curious about how it actually came to be, no prior market knowledge needed. Start under the literal banyan tree where the Bombay Stock Exchange began, walk through the broker rings and badla system that ran Indian markets before there was a real regulator, and see how the 1991 crisis and the Harshad Mehta scam forced India to build SEBI and the NSE almost from scratch. Then trace how the market modernised: paper shares gave way to demat accounts and the NSDL, the Ketan Parekh scam exposed the next generation of gaps, and settlement moved from a leisurely weekly cycle down to T+1. Written for general market enthusiasts, history and macro curious readers, and investors from every track who want the origin story behind the market they trade in today.