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Time of India
an hour ago
- Time of India
All in a day: Buy stocks, bet against them in options market, then cash out
Established in Aug 1999, The New York-headquartered Jane Street has offices across the world. In June 2025, one of its co-founders was alleged to have financed a coup to topple the govt in South Sudan. Tired of too many ads? go ad free now The person then said he was duped into funding the coup. Sam Bankman-Fried, once the poster boy of the crypto world and now a convicted fraudster, once worked at Jane St. What led to Sebi's actions? Four Jane St entities operated in India as registered foreign portfolio investors. The regulator banned the four entities from the market. Sebi also asked the entities to jointly disgorge illegal gains worth nearly Rs 4,850 crore. Sebi said Jane St had used two key strategies to manipulate the domestic stocks and futures & options (F&O) markets to make illegal gains over several years. How did Jane St manipulate stocks? One of the strategies was to aggressively buy Bank Nifty's constituent stocks and futures in the morning. At the same time, it would buy put options on the index. In the afternoon, it would sell stocks bought in the morning. This selling pushed up prices of options on Bank Nifty, which the fund had bought in the morning. Once put option prices rose, those were sold to make huge profits. The other strategy was concentrated selling or buying of Nifty index options in the last two hours of the expiry day to swing index levels to profit from such trades. So, what happens next? The fund has been asked to present its side of the case to Sebi within 21 days. Sebi is expected to expand the scope of its investigations into the trading operations of Jane St in India. The interim order focuses on the Jan 2023 to March 2025 period. The regulator is also expected to investigate if manipulative strategies were used in other indices and in BSE's segments.
Economic Times
5 hours ago
- Economic Times
Yashasvi Jaiswal breaks Tendulkar and Gavaskar's records
(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online.
Economic Times
6 hours ago
- Economic Times
ET Market Watch: Markets up but jittery: What's spooking investors?
Transcript Hi, you're listening to ET Markets Radio, I am your host Neha V Mahajan. Welcome to a fresh episode of ET Market Watch -- where we bring you the latest news from the world of stock markets every single day. Let's get to it:Sensex up, Nifty steady... but markets are on edge!Why did the market rise despite sharp swings and global jitters? Let's break it gained 193 points, Nifty closed above 25, don't let the green fool you. Both indices slipped sharply from their day's highs, thanks to volatile trade, global cues, and SEBI's crackdown on Jane and IT stocks led the gains. Bajaj Finance rose 1.6%, and Infosys and ICICI Bank supported the Trent crashed nearly 12% after warning of slower revenue growth. Nuvama downgraded the stock markets? Mostly in the red, Europe's major indices slipped, Korea's Kospi tanked 2%, and U.S. futures dipped as investors braced for Trump's tariff deadline on July barred U.S. trading firm Jane Street and froze ₹4,800+ crore over alleged manipulation in the Indian derivatives market. That shook investor say markets are pausing after a strong rally. Eyes are now on Q1 earnings, Trump's tariff call, and a possible U.S.-India trade Nifty's hammer candle hints at a bullish rebound, if it stays above 25,300, a jump to 25,800–26,100 is oil eased. Rupee ended India's market mood? Wait-and-watch mode, cautious optimism, but cracks are visible.
