Sebi’s 100-page interim order authored by whole-time member Ananth Narayan G. offers a look into the inner workings of the US-based trading firm’s strategy, and how Jane Street allegedly distorted the Bank Nifty and Nifty 50 to profit from options trades.

Sebi’s probe into Jane Street may expand beyond Nifty options to include trades on other indices and exchanges. While the investigation could take time, it is unlikely to trigger broad market disruption,

SEBI bars Jane Street from Indian markets, orders disgorgement of ₹4,844 crore for market manipulation, freezing accounts.