Jane Street barred from Indian markets as regulator freezes $566 million over Nifty 50 manipulation claims

Jane Street barred from Indian markets as regulator freezes 6 million over Nifty 50 manipulation claims


A general view of the SEBI (Securities and Exchange Board of India) building is seen in the business district of Mumbai, India, on July 1, 2025.

Nurphoto | Nurphoto | Getty Images

The Securities Exchange Board of India (SEBI) has barred Jane Street Group from accessing India’s securities market, according to an order posted on the regulator’s website on Friday.

The order stated that the U.S. trading firm’s “entities are restrained from accessing the securities market and are further prohibited from buying, selling or otherwise dealing in securities, directly or indirectly.”

The regulator also issued an interim order to impound over 48.4 billion Indian rupees ($566.3 million) from Jane Street in alleged illegal gains.

It further stated that banks have been directed to ensure that “no debits are made, without permission of SEBI,” for accounts held by Jane Street’s entities either jointly or individually.

The firm allegedly used various strategies to artificially influence India’s benchmark Nifty 50 index, which tracks the country’s top 50 companies, to profit from significantly larger positions in index options.

SEBI said that repeated instances of manipulative trading continued even after an “explicit advisory” was issued to the firm in February 2025.

The Indian regulator had previously expressed concerns over practices such as algorithmic trading, which SEBI said in a September 2024 report allowed proprietary traders and foreign portfolio investors to make 610 billion Indian rupees in profits in FY 2024, while retail investors and other market participants lost the same amount during that period.

CNBC has reached out to SEBI and Jane Street for comment.

— CNBC’s Aparajita Saxena contributed to this report

This is a developing story. Please check back for updates.



Source

Turmoil, tariffs, tourism: Thailand’s political woes threatens fragile recovery
World

Turmoil, tariffs, tourism: Thailand’s political woes threatens fragile recovery

Protesters hold a sign with a photo of Prime Minister Paetongtarn Shinawatra crossed out at Victory Monument on June 28, 2025 in Bangkok, Thailand. Thousands of protesters gathered at Bangkok’s Victory Monument to demand Prime Minister Paetongtarn Shinawatra resign over a leaked phone call linked to a border dispute with Cambodia. It was the largest […]

Read More
Investing in Space: One big beautiful windfall
World

Investing in Space: One big beautiful windfall

CNBC’s Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Sign up to receive future editions. A monitor displays US Space Force signage on the floor of the New York Stock Exchange in New York, US, on Tuesday, Jan. 3, 2023. Bloomberg | Bloomberg | Getty […]

Read More
European markets head for lower open as investors eye U.S. megabill, trade updates
World

European markets head for lower open as investors eye U.S. megabill, trade updates

Air France-KLM to take majority stake in SAS Airline group Air France-KLM says it is initiating proceedings to take a majority stake in Scandinavia’s SAS, upping its holdings in the company to 60.5% from just under 20%. Air France-KLM hopes to close the deal in the second half of next year. SAS CEO Anko van […]

Read More