India's BSE, Angel One, Nuvama Wealth slide after SEBI bars Jane Street
ReutersJul 4, 2025 6:54 AM
BSE BSEL.NS slips 3.7%; Nuvama Wealth Management NUVA.NS and Angel One ANGO.NS slide ~5% each; Central Depository Services (India) CENA.NS down 2%
SEBI bars U.S. trading company Jane Street from market, saying probe found co manipulated stock indexes through positions in derivatives
News of SEBI actions comes as half a dozen global trading firms, from Citadel Securities and IMC Trading to Millennium and Optiver, ratchet up presence in India's booming derivatives markets
"We've already seen average premium turnover on NSE and BSE come down 17% and 13%, respectively, in June when SEBI began probing Jane Street," said Amit Chandra, vice president at HDFC Securities
YTD, ANGO down 5%, BSE gains 51%, Nuvama rises 12.1%
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