Sebi has barred U.S.-based Jane Street from Indias securities markets and frozen Rs 4,840 crore over alleged manipulation of Nifty and Bank Nifty index levels. The action follows a 15-month probe marked by caution letters,

SEBI has temporarily barred Jane Street from the Indian stock market and impounded ₹4,840 crore for alleged index manipulation, raising concerns about retail traders' vulnerabilities in derivatives trading.

Here's a simple breakdown of the what, why, and how of the Jane Street saga. The case finally reached the regulator SEBI on July 3, resulting in a ban on the Wa