One of the drawbacks we face as Indian investors is that most financial literature (books etc) are US based and as such, their learnings may or may not apply in the Indian context
This book, Bulls,Bears & Others Beasts-A Story of the Indian Stock Market-by Santosh Nair does a wonderful job by filling in this gap.
The book traces the journey of a trader who trades for a living in the Indian Stock market over the last 25 years.
All the events that transpired since then-Harshad Mehta Scam,Ketan Parikh scam,Satyam scandal,bear raids,corruption,promoter shenanigans etc are covered faithfully in the book.
Some of the events mentioned in the book were eye-openers for me-how “The Old Fox” hammered Suzlon’s shares in Oct 2008 was one of them.
One phrase I loved in the book was a financial analyst talking about Company’s financials-“All milk is adulterated.The difference is in the degree”
This book ought to be compulsory reading for people wanting to know how the Indian stock markets really work.
