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MUMBAI: Disputing reports in a section of the media that the Jane Street saga indicates a regulatory failure, the former Sebi chairperson Madhabi Puri Buch has said the probe into Jane Street was initiated and carried through under her watch, and that the probe began as early as in April 2024 and that such news reports are trying to create "a false narrative." In a press statement issued Tuesday, Puri-Buch said, Sebi began investigating the Jane Street matter more than a year before its July 3 interim order, and accused a section of the media of pushing a "false narrative" of regulatory failure. After a stellar start, Puri-Buch got mired in alleged personal failures towards end of her three year term ending February 2025, such as not disclosing her investments in some companies Sebi probed through an offshore fund and also not informing the Sebi board about her earnings from ICICI Bank. "The interim order... has clearly documented the sequence of events," Puri-Buch said, referring to the 105-page order along with another 500 pages in annexures, that accuses the global quant firm of expiry-day manipulation in index derivatives. Sebi's probe started in April 2024 and involved a multi-disciplinary team tasked with examining Jane Street's trading structures and patterns, she added.
Mumbai, July 3 (SocialNews.XYZ) The Indian benchmark indices opened higher on Thursday amid positive global cues, as buying was seen in the IT, pharma and auto sectors in the early trade. At around 9.25 am, Sensex was trading 68.28 points or 0.08 per cent up at 83,477.97 while the Nifty added 19.30 points or 0.08 per cent at 25,472.70. Analysts said they are only consolidating the bullish rectangle breakout and as long as the 25,200-25,270 area is protected, bulls are merely taking a breather. "Under 25,200, we risk 25,000. On the upside, the recent swing high at 25,670 is where the bullish ...Read More >
MUMBAI (Reuters) -India has barred one of the world's largest quant trading firms, Jane Street, from accessing its securities market after an investigation found it made "unlawful gains", taking the most stringent action ever against a foreign trading firm. The markets regulator also impounded $567 million from U.S.-based Jane Street, which said it disputed the findings. Here are facts about Jane Street and its India presence: WHAT IS JANE STREET? Jane Street has more than 3,000 staff in five offices across the United States, Europe, and Asia. It trades in stocks of 45 countries and is also ...Read More >
New Delhi, Sep 2 (PTI) Markets regulator Sebi came out with a new framework for monitoring intraday positions in equity index derivatives, a move aimed at preventing risks caused by large exposures. Under the new framework, the net intraday position has been capped at Rs 5,000 crore per entity in index options as against the end-of-day limit of Rs 1,500 crore, the Securities and Exchange Board of India (Sebi) said in a circular. The gross intraday position has been restricted at Rs 10,000 crore, the same as the existing end-of-day limit. This applied separately to long and short positions, i ...Read More >
(Reuters) -- India's markets regulator late on Monday issued fresh rules for monitoring intraday positions in equity derivatives. The Securities and Exchange Board of India has been reassessing the rules for equity derivatives after it temporarily banned U.S. high-frequency trading firm Jane Street from the Indian markets, saying some of its trading strategies were manipulative and left retail investors with losses. The new framework, which will take effect from Oct. 1, sets an intraday net position limit of 50 billion rupees ($571.4 million) per entity in index options, compared with an end ...Read More >
New Delhi, Jul 4 (PTI) Shares of stockbroking firms such as Nuvama Wealth, Angel One, leading stock exchange BSE, and depository CDSL saw sharp declines on Friday amid concerns of potential business impact following a regulatory crackdown. Markets regulator Sebi has barred US-based Jane Street Group from the securities markets and directed the group to disgorge unlawful gains of ₹4,843 crore for allegedly manipulating stock indices through positions taken in derivatives segment. This could be the highest disgorgement amount ever directed by the Securities and Exchange Board of India (Sebi). ...Read More >
Mumbai: The Nifty 50 appears firmly on track to challenge its record high from last September after breaking out on Thursday from a one-and-a-half-month range-bound activity. Supported by bullish rollover signals from the June derivatives expiry, the index has turned former resistance into fresh support, even as foreign investors continue to pare equity holdings while domestic institutions keep pouring in funds. On Thursday, the bellwether index rose 1.2% to 25,549 on the expiry of the June series of derivatives, decisively breaching the 24,500-25,200 range that it had been stuck in since mid ...Read More >
Mumbai: Uddhav and Raj Thackeray will hold a joint protest march of their parties in the city on July 5 against what they allege is imposition of Hindi in the state's schools from Class 1 through the new three-language policy. This will be the first time they will come together on a political platform after Raj Thackeray's decision to quit Shiv Sena to form MNS nearly two decades ago.There has been speculation of a reunion of the estranged cousins for the coming civic polls, and the protest march is being seen as the first step in that direction, reports Chaitanya Marpakwar.Uddhav and Raj had ...Read More >
NEW DELHI: Signalling the government's intent to move ahead with the impeachment motion of Allahabad High Court judge Justice Yashwant Varma, Union Minister Kiren Rijiju on Thursday said that main opposition parties have given their in-principle approval to support the motion in the upcoming monsoon session scheduled for July21-August 21. Rijiju said that the government is yet to decide whether the motion would be brought in the Lok Sabha or the Rajya Sabha. For the Lok Sabha, signatures of a minimum 100 MPs is required. The requirement is the support of at least 50 MPs in the Rajya Sabha. H ...Read More >
Mumbai, Jul 4 (PTI) Benchmark indices Sensex and Nifty ended higher on Friday in a highly volatile trade amid a buying rush in banking and other bellwether stocks on the back of a rally in the US markets. After oscillating between highs and lows in intra-day trade, the 30-share BSE Sensex ended 193.42 points or 0.23 per cent higher at 83,432.89. During the day, it hit a high of 83,477.86 and a low of 83,015.83, gyrating 462.03 points. The 50-share NSE Nifty inched up by 55.70 points or 0.22 per cent to 25,461. From the Sensex firms, Bajaj Finance, Infosys, Hindustan Unilever, ICICI Bank, HC ...Read More >
BENGALURU: Jane Street has told staff it will contest a ban by India's financial regulator which has accused the U.S. high-frequency trading giant of market manipulation, adding that its practices in question were "basic index arbitrage trading". Jane Street said it was "beyond disappointed" by what it called "extremely inflammatory" accusations from the Securities and Exchange Board of India (SEBI) and is working on a formal response, according to an internal email sent to employees over the weekend that was seen by Reuters. The email did not elaborate on the potential action that Jane Stre ...Read More >
Mumbai: Net profit of Nifty 50 companies at the aggregate level is expected to increase 4.6% year-on-year while revenue may increase 4.5% for the June 2025 quarter. Net profit is likely to show single-digit year-on-year growth for the first time in at least nine quarters amid an anticipated poor performance by select companies, including Tata Motors, IndusInd Bank and Coal India. The sample's revenue is expected to grow in single digit for the fourth consecutive quarter reflecting persistent muted demand scenario. Select companies from metals, pharmaceuticals, cement, banking and finance and ...Read More >
July 10 (Reuters) - The Indian markets regulator's ban on Wall Street trading giant Jane Street has squeezed volumes in the country's options market, but traders expect activity to snap back as larger investors step in. The Securities and Exchange Board of India (SEBI) on July 4 barred Jane Street from trading and froze $567 million of its funds for manipulation of stock indexes through derivative positions. Jane Street told staff it plans to challenge the order, calling the trades in question "basic index arbitrage." Since the order, index options premium turnover on the NSE and BSE exchang ...Read More >
Hyderabad: Chief Minister A Revanth Reddy on Thursday warned educational institutions that cases would be booked against them if drugs were found in their premises. The CM announced that the state's Anti-Narcotics Bureau would henceforth be known as Elite Action Group for Drug Law Enforcement (EAGLE) and was tasked with curbing the menace of narcotics in the state. Speaking at an event marking the International Day Against Drug Abuse and Illicit Trafficking 2025 at Shilpakala Vedika here, Reddy placed an onus on educational institutions to ensure their campuses were free of drugs. "It is the ...Read More >
(Reuters) -- India's market regulator said it had barred U.S. trading company Jane Street from accessing the local securities market, after an investigation into alleged market manipulation through positions taken in equities derivatives. The Securities and Exchange Board of India (SEBI) posted an order on its website dated July 3 outlining that Jane Street would no longer be able to participate in the domestic securities market. Jane Street did not immediately respond to a request for comment from Reuters. "Entities are restrained from accessing the securities market and are further prohib ...Read More >
(Reuters) -India's benchmark equity indexes are expected to open largely flat on Friday as investors assess the market regulator's move to bar U.S. trading company Jane Street from the local securities market over alleged manipulation. The Gift Nifty futures was down 0.2% at 25,516 points, as of 8:14 a.m. IST, indicating that the Nifty 50 will hover around its previous close of 25,405.3. The Securities and Exchange Board of India (SEBI) has passed an interim order on Jane Street's alleged manipulation through positions taken in equities derivatives. The regulator said in its order that Jane ...Read More >
July 4 (Reuters) - India's benchmark equity indexes are expected to open largely flat on Friday as investors assess the market regulator's move to bar U.S. trading company Jane Street from the local securities market over alleged manipulation. The Gift Nifty futures was down 0.2% at 25,516 points, as of 8:14 a.m. IST, indicating that the Nifty 50 (.NSEI), opens new tab will hover around its previous close of 25,405.3. The Securities and Exchange Board of India (SEBI) has passed an interim order on Jane Street's alleged manipulation through positions taken in equities derivatives. The regula ...Read More >
Mumbai: Capital markets regulator Sebi chairman Tuhin Kanta Pandey on Saturday made it clear that market manipulation is not going to be tolerated. Speaking with reporters a day after an interim order against New York-based hedge fund manager Jane Street, Pandey said surveillance has been increased both by the regulator and also at the exchange level. When asked if similar patterns have been seen with other foreign portfolio investors as well, Pandey said, "All what I can say that market manipulation is not going to be tolerated". Sebi on Friday barred US-based Jane Street Group from the se ...Read More >
MUMBAI: India's market regulator has temporarily banned US trading firm Jane Street Group from accessing the local securities market after a probe suggested it had allegedly engaged in "illegal manipulation". A trading boom in complex financial products over the past five years - helped by an influx of millions of new retail investors after the pandemic - has made India a top market for derivatives products. The surge in trading of Indian index options contracts has seen the world's most populous country attract interest from global high-speed trading giants, but also resulted in greater reg ...Read More >
Mumbai: Banks, with the largest collective weighting on Nifty, slumped Monday after the RBI Friday ordered net-position curbs on lenders to underpin the rupee that in FY26 lost the most in 14 years. All 14 constituents of the Bank Nifty lost, dragging the benchmark Nifty more than 2% lower. The Bank Nifty, meanwhile, retreated 3.8% to 50,275.35 - the lowest closing since April 9, 2025 - after the central bank set a $100 million end-of-day net position threshold for lenders. The newly-introduced curbs take effect from April 10. Union Bank plunged 6.6% while Canara Bank and Bank of Baroda drop ...Read More >
Mumbai: The Securities and Exchange Board of India's (Sebi) latest study showed that retail traders in equity derivatives made losses of ₹1.05 lakh crore in FY25, a 41% increase from ₹74,812 crore in FY24. The report was published Monday, hot on the heels of an interim order against US trading giant Jane Street, which has been accused by the regulator of manipulating India's stock indices to profit from its equity derivative bets. A look at the interlinkages: What is the Sebi order about? The interim, ex-parte order probes into alleged index manipulation by Jane Street involving bank shares ...Read More >
CHENNAI: The Indian equity benchmarks started the day on a cautious note, responding to increasing uncertainty around the looming US tariffs by President Trump. At 11:20 AM , the Nifty 50 traded at 25,536.00, up 13.50 or 0.05%, while the Sensex stood at 83,748.57, up roughly 34 points or 0.02%, although both these indices were marginally down in the opening trade. Weak cues from Asian markets, along with persistent foreign institutional investor (FII) selling, contributed to the negative bias at the open. US President Trump's announcement -- that 50% tariffs on copper and upcoming levies on ...Read More >
Sangareddy (Telangana) [India], July 1 (ANI): Telangana Governor Jishnu Dev Varma has expressed grief over the tragic fire accident that occurred at the Pashamylaram industrial area in Sangareddy district that killed 12 people. The Governor paid condolences to the families of those who lost their lives in the incident and wished a speedy recovery to the injured. Also Read | Rules Changing From July 1, 2025: From LPG Cylinder Prices and Railway Fares to Aadhaar-PAN Link, Check Key Rule Changes Taking Place Next Month. The Governor spoke to the Labour, Employment Training and Factories (LETF) ...Read More >
Mumbai, July 4 (SocialNews.XYZ) In one of the biggest market manipulation cases India has witnessed in recent years, US-based trading firm Jane Street is under the scanner for allegedly using sophisticated strategies to rig Indian stock indices and pocket over Rs 43,000 crore in options profits. According to the Securities and Exchange Board of India (SEBI), Jane Street and its related entities devised an elaborate intra-day trading strategy to artificially inflate and deflate the Bank Nifty index -- mainly on expiry days -- to gain from massive options positions. The regulator found that be ...Read More >
New Delhi, Jul 4 (PTI) Shares of stockbroking firms such as Nuvama Wealth, Angel One, leading stock exchange BSE, and depository CDSL saw sharp declines on Friday amid concerns of potential business impact following a regulatory crackdown. Markets regulator Sebi has barred US-based Jane Street Group from the securities markets and directed the group to disgorge unlawful gains of Rs 4,843 crore for allegedly manipulating stock indices through positions taken in derivatives segment. This could be the highest disgorgement amount ever directed by the Securities and Exchange Board of India (Sebi) ...Read More >
Mumbai: Uddhav and Raj Thackeray, once distant cousins, are coming together to challenge the Maharashtra government's choice to implement Hindi as a compulsory language for Classes 1 to 5 according to the National Education Policy (NEP). They perceive this action as an infringement on local identity and language variety. Uddhav's Shiv Sena (UBT) and Raj's Maharashtra Navnirman Sena (MNS) are set to conduct a unified protest march on July 5, representing their first joint endeavour in twenty years. Sanjay Raut, spokesperson for Shiv Sena (UBT), affirmed the collective position through a post o ...Read More >
NEW DELHI: The Congress on Tuesday questioned market regulator Sebi and the government for failing to protect the interest of small investors and check outflow of "illegal profits" made by US algorithm trading firm Jane Street through stock market manipulation.Addressing a press conference here, Congress' head of social media department Supriya Shrinate said Jane Street, which manipulated the Indian stock market through algorithms and made thousands of crores in illegal profits in the Futures and Options market has caused massive losses to ordinary retail investors, while regulator Sebi remain ...Read More >
NEW DELHI: Four people died in Himachal Pradesh as rain continues to wreak havoc in the state, while five were swept away in Rajasthan's Kota at a barrage after a heavy downpour caused the authorities to release water from a reservoir. In Himachal, more than 200 roads are out of bounds for vehicular traffic, a majority of them in Mandi, while a flash flood warning has been issued for 12 districts in Jharkhand. An individual each drowned in Kullu and Kangra districts, one died after being bitten by a snake in Bilaspur, while one was killed after falling from a height, the State Emergency Oper ...Read More >
MUMBAI - India's regulator has restrained Jane Street Group from accessing the local securities market, dealing a severe hit to the US trading firm that generated more than US$2.3 billion (S$2.9 billion) in net revenue from equity derivatives in the South Asian nation in 2024. The Securities and Exchange Board of India (SEBI) said it would seize 48.4 billion rupees (S$722 million) from Jane Street, which it claimed is the total amount of unlawful gains made by the fund, according to the order. SEBI said that Jane Street Group entities "are restrained from accessing the securities market and ...Read More >
New Delhi, Jul 4 (PTI) Shares of stockbroking firms such as Nuvama Wealth, Angel One, leading stock exchange BSE, and depository CDSL saw sharp declines on Friday amid concerns of potential business impact following a regulatory crackdown. Markets regulator Sebi has barred US-based Jane Street Group from the securities markets and directed the group to disgorge unlawful gains of Rs 4,843 crore for allegedly manipulating stock indices through positions taken in derivatives segment. Also Read | Bodoland Lottery Result Today, July 04, 2025: Assam State Lottery Sambad Friday Lucky Draw Results D ...Read More >
New Delhi: Securities and Exchange Board of India (Sebi) Chairman, TuhinKanta Pandey, said on Monday that the market regulator has all the powers to act against manipulative trading activities in the matter related to New York-headquartered trading major Jane Street Group, which is very evident from the interim order that has been issued to ban it from the Indian stock market. Asked whether there is a need to have more regulations to act against such entities, the Sebi Chairman quipped that the need was for enforcement and surveillance rather than more regulations, and the "order in the Jane ...Read More >