Following its ₹4,843 crore order against Jane Street Group for alleged index manipulation, Sebi Chairman Tuhin Kanta Pandey issued a stern warning that market misconduct — from domestic or foreign entities — will face zero tolerance.

At the heart of the controversy is Jane Street’s aggressive trading in the derivatives (futures) segment, where the firm executed trades designed not just to profit, but to sway the market itself. Here's how.

In a dramatic move that’s rattled India’s financial markets, the Securities and Exchange Board of India (SEBI) has banned the global trading giant Jane Street Group from participating in the country’s securities markets.