Could be a sequel.

"In 2022, India has become global champion in an area none could have predicted -- the stock market," wrote Swaminathan S Anklesaria Aiyar. "In mid-December, the Sensex was up 7.5% since the start of 2022. But the MSCI index, the most comprehensive global index, had crashed 17%." US S&P 500 down 18%, Japan' Nikkei down 3% and Germany's DAX down 10%. "In the Great Recession of 2008-9, the Sensex slumped by a massive 64%." But this time the Sensex is soaring because "Systematic Investment Plans (SIPs) have boomed in India, providing a steady flow of savings into the stock market month after month?" But, stock market booms are nothing new in India. In 1992, Harshad Shantilal Mehta used "corrupt officials signing fake cheques, misusing market loopholes, and fabrication to drive the prices of stocks up to 40 times their original price." wikipedia.  "The scam featured an embezzlement of Rs 1439 crore (Rs 14.39 billion) [$3 billion] that led to a severe crunch and drastic loss of wealth in the life savings of many investors that amounted to Rs 3542 crores ($7 billion)." cleartax.in. "He owned shares of Associated Cement Company (ACC), which saw an inexplicable surge in price from a mere Rs 200 to a Rs 9,000." From 1998 to 2001, "Ketan Parekh purchased large stakes in less known small market capitalization companies, and jacked up their prices through circular trading with other traders, and collusion with these companies and large institutional investors. This resulted in steep hikes in share prices, for example: shares of Zee telefilms zoomed up from Rs 127 to a price of Rs 10,000." wikipedia. Parekh "siphoned off public funds to the tune of Rs 1200 crore (Rs 12 billion). Moreover, the damage he caused was so serious that The Serious Frauds Investigation Office (SFIO) estimated that the extent of the fraud could touch Rs 40,000 crore (Rs 400 billion)." HT. In February 2022, the National Stock Exchange (NSE) co-location scam was exposed. "Chitra Ramakrishna, a former Chairperson of India's largest bourse - the National Stock Exchange - was manipulated by a "Siddha Purusha/Yogi" (an unidentified spiritual guru) and allegedly provided him confidential company information including NSE's five year projections, financial data, dividend ratio, business plans." TOI. "According to Republic sources, the NSE system was rigged by placing a computer close to the NSE server. This offered the brokers a 10:1 speed advantage over their competitors." News18. These brokers made windfall profits. Maybe that is why, "The currency in circulation has been going up and stood at Rs 32.2 trillion as of October. In fact, the currency in circulation to the gross domestic product (GDP) ratio as of 30 June stood at 12.9%," wrote Vivek Kaul. That's higher than the 12% level before demonetization. Aiyar is happy it is all due to SIPs. We may be excused for thinking this could be RIP-OFF.