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Sebi has accused global trading giant Jane Street Group of manipulating Indian markets by inflating and crashing stock prices to earn Rs 43,289 crore in options profits, while incurring deliberate losses in other segments. The Securities and Exchange Board of India (Sebi) has accused the quantitative trading firm Jane Street and its entities of manipulating the Indian securities market. Sebi has ordered the confiscation of ‘illegal gains’ to the tune of Rs 4,843 crore. But what happened? How did Jane Street make a profit of hundreds of crores in a single day? New York based trading giant Jane Street has been in the eye of a storm over the past few weeks after India's market regulator banned it from the securities market. How Jane Street saga unfolded and SEBI passed order? SEBI said it would 'impound' Rs 4,840 crore from Jane Street , which it said were the 'unlawful gains earned' from the alleged misconduct.
