Absolute Power - Inside story of the National Stock Exchange’s amazing success by Sucheta Dalal & Debashis Basu [Hardcover]

"Absolute Power - Inside story of the National Stock Exchange’s amazing success" is a captivating narrative that delves deep into the tumultuous journey of India's premier stock exchange. Authored by Sucheta Dalal and Debashis Basu, this hardcover offers a compelling exploration of the NSE's meteoric rise in the aftermath of the Harshad Mehta scam of 1992. Positioned as a beacon of transparency and integrity in contrast to the scandal-ridden BSE, the NSE swiftly ascended to prominence, reshaping the landscape of the Indian financial market.

However, this tale of triumph is not without its shadows. Within the very heart of the NSE, allegations of impropriety and collusion surfaced, culminating in the infamous algo trading scandal. Questions abound regarding the integrity of the exchange's infrastructure and the actions of its employees. Were systems intentionally compromised to favor select brokers? Did internal stakeholders conspire to manipulate the market? "Absolute Power" courageously unravels these mysteries, offering readers an insider's perspective on the hubris and downfall that beset the NSE even amidst its lucrative monopoly.