SEBI has barred US-based Jane Street Group from participating in the Indian stock market and ordered it to disgorge unlawful gains of ₹4,843 crore for allegedly manipulating stock indices through derivative positions.

The Securities and Exchange Board of India allege that the US trading firm made $550mn of illegal gains from these strategies, which it is now wants back before the ban will be lifted. As MainFT reported: The Securities and Exchange Board of India said its decision to limit Jane Street’s access to India’s securities markets stemmed from a months-long investigation.

India's securities regulator barred U.S. trading company Jane Street from the local securities market, saying an investigation found it manipulated stock indices through positions taken in derivatives.