Indian shares inch lower on caution over trade deal, Jane Street ban

Indian benchmarks Nifty .NSEI and Sensex .BSESN dip 0.2% each amid caution over potential U.S.-India trade deal, SEBI crackdown on U.S.-based Jane Street over alleged index manipulation

Exchange operator BSE BSEL.NS and stock brokers such as Nuvama Wealth Management NUVA.NS and Angel One ANGO.NS tumble after regulatory ban on Jane Street

"Given Jane Street's large exposure to India's derivatives space, some near-term impact from position unwinding is expected," says Avinash Gorakshakar, director of research at Profitmart Securities

Seven of 13 major sectors decline; small-caps .NIFSMCP100, mid-caps .NIFMDCP100 shed 0.1% and 0.3%

Financials NIFTYFIN dip 0.2%, extending losses to fifth session, with analysts saying investors are booking profits after an 18% rally over the last four months

Among individual stocks, fashion retailer Trent TREN.NS falls 7% on near-term growth concerns

IT companies .NIFTYIT, which earn a significant share of revenue from the U.S., rise 0.5%, after upbeat U.S. jobs data eases economic worries