REFILE-INDIA STOCKS-Indian shares open flat as Jane Street ban, trade deal caution weigh

ReutersJul 4, 2025 4:40 AM

July 4 (Reuters) - Indian shares opened flat on Friday as investors stayed on the sidelines ahead of a possible India-U.S. trade deal and digested the market regulator's ban on U.S. firm Jane Street over alleged manipulation in derivatives trading.

The Nifty 50 .NSEI rose 0.09% to 25,428.85 points and the BSE Sensex .BSESN added 0.08% to 83,306.81, as of 9:15 a.m. IST.

Twelve of the 13 major sectors advanced at the open, although the gains were marginal. The broader, small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 traded flat.

The Securities and Exchange Board of India (SEBI) has passed an interim order on Jane Street's alleged manipulation through positions taken in equities derivatives.

SEBI's actions come as half a dozen global trading firms, including Citadel Securities, IMC Trading, Millennium and Optiver, are ratcheting up their presence in India's booming derivatives markets.

Meanwhile, investors are awaiting a potential trade deal between India and the U.S. ahead of President Donald Trump's July 9 deadline for punitive reciprocal tariffs.

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