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The Big Bull of the Indian stock market Rakesh Jhunjhunwala is no more. There was a time when Harshad Mehta, who was surrounded by controversies, had the title of Big Bull in the stock market. It was the same Harshad Mehta whose bad days started after his name came in the scam. Eventually he also died during his stay in jail.
Jhunjhunwala used to bet bearish when Harshad Mehta was the ‘Big Bull’ of the stock market
Rakesh Jhunjhunwala was also active in the market in the early years of the 90s, when Harshad Mehta spoke in the Indian stock market. In those days, he used to make bearish bets as the rival of Big Bull Harshad Mehta.
Jhunjhunwala and Harshad’s rivalry shown in the scam 1992 web series
The web series Scam 1992 based on Harshad Mehta’s life also featured a person named Rakesh as Harshad’s rival. This character was crafted keeping Rakesh Jhunjhunwala in mind. The character was brought to life on screen by actor Kevin Dave.
Rakesh Jhunjhunwala became the ‘Big Bull’ of the Indian stock market in the 21st century
Rakesh Jhunjhunwala, who became famous as the Big Bull of the Indian stock market in the 21st century, used to make money by placing bearish bets during Harshad Mehta’s time. Once Rakesh Jhunjhunwala himself said that if Harshad Mehta’s magic continued in the market for some more time, he would have suffered a huge loss.
Rakesh Jhunjhunwala was considered an expert in shorting stocks.
In the stock market, Rakesh Jhunjhunwala was considered an expert player in short selling of shares. In an interview, Jhunjhunwala himself said that he made a lot of money by selling shares. Let us tell you that in the year 1992, when Harshad Mehta’s name surfaced in the scam, the stock market crashed badly, during that period Rakesh Jhunjhunwala made big profit by short selling of shares.