India's securities regulator barred U.S. trading company Jane Street from the local securities market, saying an investigation found it manipulated stock indices through positions taken in derivatives.

SEBI bans Jane Street over ₹36,500 crore market manipulation, alleging expiry day index rigging and fake volume trades.

India has banned the firm from the country’s financial markets and said it would seize around $570 million in profit for allegedly fraudulent trades.