The Tycoon's Odyssey

Chapter 239: 239:Dumping Work On Others

The Prime Minister's Office (PMO), Indra, at South Block, Raisina Hill, New Delhi.

Prime Minister Rajesh Patel sat in his elegantly furnished office, surrounded by the weight of the nation's affairs. His pen glided smoothly across the document before him, a crucial reform bill poised to shape the country's economic future. Just as he was about to sign, a sudden, loud commotion erupted outside, shattering the quiet concentration of the room.

Startled, he looked up and frowned at the disruption. The door swung open with a bang without any sign of courtesy and from it rushed in Arvind, his chief aide.

Arvind would always have a composed demeanor, but now, he wore a look of sheer panic on his pale face.

"Sir!" Arvind exclaimed loudly, his voice slightly trembling. "You need to see this immediately."

Rajesh set the pen down, his brow furrowed. "What is it? You look like you've seen a ghost."

"It's the stock exchange," Arvind replied, his voice low and urgent. "There's been a massive crisis. The National Stock Exchange is in panic and has suspended trading due to extreme volatility, and reports of market manipulation are flooding in."

"The Rajput's plans had gone downside and everything's in chaos. In just a few minutes, all funds of your party and others, have been wiped out!"

The words hit Rajesh like a thunderbolt. His grip on the pen loosened, and it slipped from his fingers, clattering against the polished surface of the desk. A flash of shock crossed his face, but he quickly collected himself, drawing a deep breath to steady his nerves.

"Get the Finance Minister on the line—now!" he commanded, his tone firm.

Arvind nodded and moved swiftly to the phone, dialing the number with urgency. Rajesh stood, pacing the room as he considered the implications. He needed to act fast to quell the rising tide of panic sweeping through the nation's financial markets.

As soon as Arvind connected, he handed the phone to Rajesh. "Sir, the Finance Minister is on the line."

_____

The sun hung low in the sky, casting long shadows over Dalal Street, where the heart of Indra's financial district thumped with a frantic energy. Today, however, that energy had transformed into a palpable panic. Traders rushed across the trading floor, their faces pale, as the screens displayed a cascade of red.

The once-vibrant bullish run had been violently uprooted, plunging headfirst into a relentless bearish descent.

"Get me the market analysis team!" barked Raghav, the head of operations at the National Stock Exchange (NSE), his voice barely breaking through the chaos. He paced nervously behind his desk, eyes flicking between the data feeds and the barrage of frantic calls from brokers and investors alike.

Across the room, the situation grew more chaotic. Middle-income investors, who typically thrived on options trading, had found themselves paralyzed, unable to place their bets amid the overwhelming uncertainty. They watched helplessly as their portfolios evaporated right before their eyes.

"What is happening?" a panicked voice echoed from the crowd. "I can't get my trades through!"

Meanwhile, even the "big fish"—the institutional investors and hedge funds—were in disarray, their well-laid plans unraveling like fragile threads. They had anticipated market fluctuations but this orchestrated assault on their holdings was beyond anything they had prepared for.

Reports of heavy losses flooded in, and for those who had expected to feast on the carcasses of the vulnerable, the prospect of severe financial repercussions was nothing short of horrifying.

As traders continued to shout and scramble, Raghav received the market analysis report. It confirmed his worst fears: the downturn wasn't merely a result of market correction; external forces were manipulating the market to drive prices down aggressively. As the unsettling realization sank in, he understood that this was a calculated attack, and the consequences could be devastating.

"Fuck those Rajputs. If you can't handle the repercussions, don't start this shit. Now everything will fall on my head."

Raghav cursed violently like a madman. Being powerful and one behind everything, no one was going to question them. Someone else would be made the scapegoat. As for who was going to become the scapegoat… no matter what he couldn't afford to be that someone.

"Call an emergency meeting!" he commanded, finally finding a moment of clarity amid the chaos. As Raghav gathered the NSE's top officials, the atmosphere was grim. The financial markets were in turmoil, and every second was of the essence.

_____

As chaos engulfed the Dalal Street, panic hung thick in the air. Investors huddled around their screens, eyes wide with disbelief as stock prices plummeted. Raghav, the managing director of the National Stock Exchange (NSE), stood at the center of a storm, his heart racing as he surveyed the disaster unfold.

The once-bullish market had quickly spiraled into a heavy bearish decline, a scenario exacerbated by external forces manipulating the market.

"Get the executive team in here now!" Raghav barked, urgency lacing his tone. Within minutes, the executives gathered in the war room, tension thick in the air as they awaited Raghav's orders.

"Today, we need to execute our emergency protocol," Raghav instructed, his voice steady despite the turmoil. "First, let's activate the circuit breakers."

In the conference room, the tension was thick as they analyzed the data. "The VIX index is off the charts," an analyst reported, his voice trembling. "We're witnessing unprecedented volatility, and trading volumes are skyrocketing. If we don't act now, we risk a complete market collapse."

"Implement the circuit breakers," Raghav ordered, his voice steady despite the anxiety swirling around him. The circuit breaker system, designed to halt trading in the face of extreme volatility, was the NSE's best safeguard against chaotic market collapse.

They quickly reviewed the parameters: the first threshold would trigger a 10% halt, with potential extensions to 15% or 20% if necessary. "We need to announce this immediately," another official urged. "The longer we wait, the worse the panic will spread."

The risk management team quickly sprang into action, closely monitoring the index as it spiraled downward. Once it dipped below the predetermined threshold of 10%, they initiated the trading suspension, bringing all the trading activities to a halt. The decision, while necessary, weighed heavily on Raghav.

"Inform all brokers about the halt," he commanded. "We need clear communication to maintain trust and prevent any misinformation."

The communications team sprang into action, drafting a comprehensive message explaining the reasons behind the trading halt. Meanwhile, a specialized unit was deployed to conduct real-time surveillance of trading activities, focusing on unusual patterns that might indicate further market manipulation.

As they worked, Raghav knew that collaboration with higher authorities was important. "Contact the Reserve Bank of Indra and the Ministry of Finance. We need to inform them of the situation and request their immediate assistance," he instructed, determination in his eyes.

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He decided to contact all the relevant authorities in charge of this and drag them to solve the mess.

Back at his desk, Raghav's fingers tapped nervously against the surface as he drafted an urgent communication. The words flowed, detailing the market conditions and the measures being taken to curb the panic and stressed the necessity for a coordinated response to stabilize the economy.

After sending the message, Raghav felt a flicker of hope. Recognizing the gravity of the situation, the authorities were swift in their responses and implemented the plans.

Support from the RBI.

A spokesperson from the Reserve Bank of India reaffirmed their commitment to providing liquidity support to banks and financial institutions. "We are closely monitoring the situation and are prepared to take necessary measures to stabilize the financial markets," they declared, offering the NSE team a glimmer of confidence.