SEBI Bans Jane Street from Indian Markets Over Alleged Index Manipulation

On July 3, 2025, SEBI imposed an interim trading ban on all Indian entities of Jane Street Group for alleged intra-day manipulation of index options, particularly in Bank Nifty.

SEBI’s order highlights that Jane Street earned ₹43,289.33 crore from index options between January 2023 and March 2025, with net profits of ₹36,671 crore after offsetting losses.

SEBI found ₹4,843.57 crore to be unlawful gains and directed the amount to be deposited in an escrow account under regulatory lien.

Jane Street has denied wrongdoing and stated its intent to cooperate with SEBI’s investigation.