Stock Market : SEBI has banned Jane Street. The company is accused of earning about Rs 36,500 crore from the market by using its high-frequency technique in the Indian stock market. Let us understand in detail about Jane Street and how it committed the scam.
Stock Market : SEBI has banned the American trading company Jane Street. The company is accused of earning Rs 36,500 crore from the market by manipulating Dalal Street. SEBI has currently imposed an interim ban on it. The company can be completely banned after the investigation is completed. The regulatory board issued an interim order on the American company and ordered the confiscation of illegal earnings of Rs 4,843 crore. Let us explain to you in detail the story of Jane Street and also understand how the global trading company committed such a big scam.
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Stock Market : Jane Street is a high-frequency company of America. Which buys and sells shares in less than a second. Taking advantage of this technique, the company created confusion in the Indian market. For this, it chose futures and options and duped investors of crores of rupees.
Stock Market : SEBI has banned Jane Street. The company is accused of earning about Rs 36,500 crore from the market by using its high-frequency technique in the Indian stock market.
This is how the scam was done
Stock Market : The global trading company adopted two methods for the scam, first by coordinating futures and options trading and the cash market and the second method was to increase the price of the shares on the expiry date. Suppose a stock is trading at Rs 12,00, then a company named Jane Street first bought 10,000 lots in futures at the price of Rs 1,202. Also, it also took a call option of Rs 1,220 for 10,000 lots at the price of Rs 3. Then, the company increased the price of that stock by Rs 50 crore in the cash market. When the price of the stock reached Rs 1,320, the futures made a profit of Rs 73.75 crore and the options made a profit of Rs 60.62 crore. In this way, the company earned a total of more than Rs 134 crore on an investment of Rs 50 crore.
Stock Market : The company committed this scam by adopting a special pattern between January 2023 and March 2025. According to the report, Jane Street also adopted a big strategy in Bank Nifty and Nifty on the day of expiry. In the morning, the company bought stocks and futures in large quantities, then sold the stocks in the afternoon by creating short positions in options. This led to the index going down and huge profits were made from option trading. Many times, the company bought Nifty-linked stocks in the last two hours and took long positions through options, due to which the index went up and the options were sold at a profit.
The stock market opened on a positive note with Sensex Nifty trading higher on Friday. Asian markets were soft and the GIFT Nifty index was flat. FIIs sold heavily in cash and futures markets for the fourth consecutive day. The US market rose 1 percent after encouraging job data. The Nasdaq and S&P 500 indices closed at record highs.
Sensex Nifty opened higher
Sensex Nifty opened higher on Friday. The Sensex opened at 83306 on Friday, up slightly from its previous close of 83239. However, the market was under pressure due to weakness in Tata Group shares. On the other hand, Bajaj Finance shares rose by two and a half percent today. The NSE Nifty opened at 25428 on Friday against its previous close of 25405.
Unemployment in America has fallen
Job claims in America have fallen from 2.36 lakh to 2.33 lakh. Which is much better than expected figures. Services PMI has again come to 50.8 as expected. America’s trade deficit in May has reached 7.15 billion dollars, which is due to a decline in both imports and exports.
Sensex falls 350 points from its intra-day peak, Trent falls 11 percent
The stock market is in volatile mode. After the Sensex reached an intra-day peak of 83441, the market fell more than 350 points to 83015 due to selling in Tata Group and auto shares. Currently, the Sensex is trading around 83150, down 90 points. Nifty is down 30 points to around 25375 level. Tata Group’s Trent share fell 11 percent. Tata Steel 2.2 percent, Tech Mahindra 1 percent, Adani Ports, Mahindra, Maruti Suzuki shares were down less than 1 percent.
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Unemployment in America has decreased
Job claims in America have decreased from 2.36 lakh to 2.33 lakh. Which is a much better figure than expected. Services PMI has again come to 50.8 as estimated. America’s trade deficit in May has reached 7.15 billion dollars, which is due to a decrease in both imports and exports.
Sensex Nifty opens flat after rising
Sensex Nifty opened higher on Friday. The Sensex opened at 83,306 on Friday, up slightly from its previous close of 83,239. However, the market was under pressure due to weakness in Tata Group shares. On the other hand, Bajaj Finance shares rose by 2.25 percent today. The NSE Nifty opened at 25,428 on Friday, against its previous close of 25,405.
