Archive · 29 Jul 2025
SEBI's Narayan Accuses Jane Street of Market Manipulation in India
Ananth Narayan, a SEBI official, investigated Jane Street, a trading firm.
The investigation found that Jane Street made profits by manipulating the Indian stock market.
Narayan's deep market knowledge was key to understanding the complex trading practices.
The probe centered around a specific date when Jane Street had significant gains.
The investigation resulted in allegations of unlawful gains.
Jane Street denies the charges and has placed the profits in escrow, but the case continues.
SEBI official Ananth Narayan led an investigation into Jane Street.
The investigation alleged Jane Street manipulated Indian stock and futures markets.
The probe focused on January 17, 2024, Jane Street's most profitable day.
Jane Street allegedly made over ₹48.4 billion ($560 million) in unlawful gains.
Jane Street has denied the charges and parked the alleged profits in escrow.
- Who
- Ananth Narayan and Jane Street Group.
- What
- Ananth Narayan led SEBI's investigation into Jane Street regarding market manipulation.
- When
- The investigation focused on January 17, 2024.
- Where
- In Indian stock and futures markets.
- Why
- SEBI alleged Jane Street manipulated the market to benefit options trades.
SEBI's Stance
Jane Street's Response
Allegations of Market Manipulation
SEBI's Stance
Jane Street manipulated the market to gain profits.
Jane Street's Response
Jane Street denies these claims.
- Entity Involved
- Jane Street
- Regulator
- SEBI
- Lead Investigator
- Ananth Narayan
- Accusation
- Market Manipulation
- Focus Index
- Nifty Bank
- Alleged Unlawful Gains
- ₹48.4 billion ($560 million)
Sources
Somnath Mukherjee: Sebi’s Jane Street order was the canary our market needed
Jane Street seeks extension from SEBI to respond to interim order
Jane Street seeks more time to respond to SEBI's July 3 market manipulation allegations order
Jane Street seeks extension from SEBI to respond to interim order
Jane Street seeks more time from Sebi to respond to July 3 interim order
Jane Street to Argue That Retail Demand Drove Its India Trades
Jane Street Seeks Extension from Sebi To Respond To Interim Order
Jane Street working on its defense against stock market manipulation allegations from Sebi, here's how
Jane Street likely to argue options strategy a response to high retail demand in India: Reports
Who is Ananth Narayan? SEBI insider who took on Jane Street
