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.

India’s market watchdog SEBI has temporarily barred US trading firm Jane Street from accessing the local securities market over allegations of manipulative trades. Bloomberg's Abhishek Vishnoi breaks down what this means for India’s markets and exchanges.

India’s stock market regulator has banned Jane Street from dealing securities in the country, accusing the New York-based trading firm of a “sinister scheme” to manipulate derivatives markets. The Securities and Exchange Board of India said its decision to limit Jane Street’s access to India’s securities markets stemmed from a months-long investigation.