logo
Jane Street Sebi ban: US trading firm barred from Indian market allowed to resume trade  - here's what's happening

Jane Street Sebi ban: US trading firm barred from Indian market allowed to resume trade - here's what's happening

Time of India2 days ago
US based quantitative trading firm Jane Street has been allowed by the Securities and Exchange Board of India (Sebi) to resume trading in Indian stock markets after depositing Rs 4,843.50 crore (approximately USD 567 million), according to a Reuters report citing sources.
However, there has been no official public update from Sebi confirming the lifting of the ban.
The deposit is linked to alleged illegal gains made by the firm, which had earlier been barred from participating in Indian markets.
Sebi emailed Jane Street on Friday, informing the firm that the restrictions imposed by the interim order would no longer apply following the deposit.
The market regulator has also instructed the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) to closely monitor Jane Street's trading activity in India.
However, both exchanges have not yet allowed the firm to resume buying and selling Indian securities.
"While the firm has been allowed to resume trading in India, it has given an undertaking to Sebi that it will not trade in options. The firm also does not intend to trade in cash till it has explained its trades to Sebi," Reuters reported, quoting sources.
Sebi alleged that the firm made around Rs 36,500 crore in unlawful profits through calculated trading strategies across multiple segments, including cash equities, stock futures, index futures, and index options.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
No annual fees for life
UnionBank Credit Card
Apply Now
Undo
The regulatory investigation revealed that Jane Street maintained "consistently the largest risks in 'cash equivalent' terms in F&O, particularly on index option expiry days."
Earlier last week, Jane Street Capital deposited the alleged gains in an escrow account and requested Sebi to lift the trading ban.
Sebi acknowledged in a recent press release that the firm had made the deposit 'without prejudice' to its legal rights and requested permission to resume trading.
"They (Jane Street) have further stated that this action has been undertaken by them without prejudice to their rights and remedies which remain available to them in law and equity," the market regulators said in a release.
Sebi, in its last public statement on July 14, said the firm's request was still under examination and that any final decision would be guided by the interim order's directions.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

India to resume tourist visas for Chinese citizens after five years
India to resume tourist visas for Chinese citizens after five years

Scroll.in

time12 minutes ago

  • Scroll.in

India to resume tourist visas for Chinese citizens after five years

India will resume issuing tourist visas to Chinese nationals after a five-year gap, starting July 24, Reuters quoted the Indian embassy in Beijing as saying on Wednesday. Chinese state-run news outlet Global Times shared a post made by the Indian Embassy in China on Weibo that outlines guidelines for Chinese nationals seeking to apply for a tourist visa. The Embassy of India in China announced via its Sina Weibo account on Wednesday that, starting from July 24, 2025, Chinese citizens can apply for a tourist visa to visit India after completing an online application, scheduling an appointment, and personally submitting their… — Global Times (@globaltimesnews) July 23, 2025 In February 2020, India had suspended all tourist visas in view of the coronavirus pandemic. China had also suspended visas to Indian citizens and other foreigners during the pandemic, but these restrictions were lifted in 2022 for students and business travellers. In June 2020, border tensions between India and China escalated when a violent face-off between Indian and Chinese soldiers took place in Ladakh's Galwan Valley along the Line of Actual Control. It led to the death of 20 Indian soldiers. Beijing said that the clash left four of its soldiers dead. In response, India imposed several restrictions on China including banning hundreds of popular Chinese apps and suspending passenger routes, Reuters reported. While China allowed students and business travellers in 2022, Indians were not allowed to apply for tourist visas until March this year, when both countries announced that they would resume direct air services, Reuters reported. Since the Galwan clashes, China and India have held several rounds of military and diplomatic talks to resolve their border standoff. In October, the two countries announced that they had reached a patrolling arrangement along the Line of Actual Control, 'leading to the disengagement' of the two militaries in eastern Ladakh. The agreement came two days before Prime Minister Narendra Modi and Chinese President Xi Jinping held a bilateral meeting on the sidelines of the BRICS summit in Kazan. This was the first formal meeting of the two leaders since the military standoff began in mid-2020. In January, the two countries agreed to resume the Kailash Mansarovar Yatra this summer, restore direct flights and ease visa restrictions after Foreign Secretary Vikram Misri met Chinese Vice Foreign Minister Sun Weidong in Beijing. In July, External Affairs Minister S Jaishankart said during a meeting with Chinese Vice President Han Zheng that relations between both countries were ' steadily improving ' and called for the continued normalisation of the bilateral ties.

Sensex settles 539 pts, Nifty tops 25,200 after U.S.-Japan deal lifts sentiment
Sensex settles 539 pts, Nifty tops 25,200 after U.S.-Japan deal lifts sentiment

Time of India

time12 minutes ago

  • Time of India

Sensex settles 539 pts, Nifty tops 25,200 after U.S.-Japan deal lifts sentiment

Indian stock markets witnessed a positive close on Wednesday. Sensex and Nifty both surged, reflecting gains in Asian markets. This surge follows a trade agreement between the United States and Japan. Investors are optimistic about potential progress in India-US trade discussions. Market capitalization on the Bombay Stock Exchange also saw a significant increase. This positive trend indicates growing investor confidence. Tired of too many ads? Remove Ads Indian benchmark indices Sensex and Nifty closed higher on Wednesday, mirroring broad-based gains across Asian markets after a high-stakes trade pact between the United States and Japan stoked hopes of progress in India-US trade Sensex advanced 539.83 points, or 0.66%, to settle at 82,726.64, while the Nifty gained 159 points, or 0.63%, to close at 25, market capitalization of all listed companies on the BSE increased by Rs 82,186 crore to Rs 460.37 lakh TO COME...

Tesla Finally Lands in India: Is It Too Late?
Tesla Finally Lands in India: Is It Too Late?

The Hindu

time12 minutes ago

  • The Hindu

Tesla Finally Lands in India: Is It Too Late?

Back in 2016, Tesla began taking preorders from Indian customers with no timeline for delivery. Now, nine years later, it's officially arrived — but much has changed. The Indian EV space is more competitive, homegrown players like Tata and global brands like BYD have made inroads and import duties remain steep. And in the premium segment that Tesla is targeting, it's not the first mover. German brands like Mercedes, BMW and Audi have been here for years. What took Tesla so long? Why did early adopters like Vishal Gondal cancel their bookings? And is India ready — in terms of infrastructure, pricing and policy — for what Tesla offers? Guest: Vishal Gondal, tech entrepreneur and early Tesla hopeful Host: Anupama Chandrasekaran Produced and edited by Sharmada Venkatasubramanian Listen to more In Focus podcasts:

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store