Jane Street Faces SEBI in Indian Derivatives Market Battle

A market update from Mumbai highlights the growing interest in the Indian derivatives market, largely driven by a legal dispute between Jane Street Group LLC and the Securities and Exchange Board of India (SEBI). This ongoing court battle is identified as a crucial development for traders to closely observe. The core of the case involves market manipulation allegations leveled against the trading firm by SEBI. This legal proceeding was discussed in the context of other market-moving news, such as the anticipated stable opening for Indian equities, generally positive market sentiment, and a potential share buyback under consideration by the technology company Infosys.