Proof of Market Manipulation: The Jane Street Case

On 3 July 2025, the Securities and Exchange Board of India (“SEBI”) issued an ex-parte interim order against the Jane Street group. The order asserted that Jane Street employed manipulative strategies (intraday index manipulation and extended marking-the-close) on the NIFTY and BANKNIFTY indices. It directed the impounding of Jane Street’s allegedly unlawful gains through such actions amounting to approximately Rs. 4,843 crores, and restricted the group from accessing the securities market until the amount was impounded. Jane Street paid this amount into an escrow account on 14 July 2025 and resumed trading in the Indian securities market on 21 July 2025.

CITATION

Bhavin Patel and Natasha Aggarwal, 2025. “Proof of Market Manipulation: The Jane Street Case – IndiaCorpLaw,” The Indian Express

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