Nuvama Wealth Crashes 10% as SEBI Cracks Down on Jane Street’s ₹4,840 Cr Gains

On 4 July 2025, shares of

Wealth Management Ltd plunged over 10% in intraday trade after SEBI barred US-based Jane Street Group from participating in Indian equity markets. As Jane Street's domestic trading partner, Nuvama faced sharp selling pressure, reflecting investor concerns over potential business disruptions. The SEBI action stems from findings that Jane Street made unlawful gains of ₹4,840 crore ($570 million) from equity derivatives trading in India. The regulator has also ordered the seizure of these gains and restricted the group and its entities from buying, selling, or dealing in Indian securities. The broader Capital Market index also declined over 3% by 1:25 PM, as sentiment across capital market-linked stocks turned negative. Disclaimer: This post is intended solely for informational purposes and should not be construed as a recommendation to buy, sell, or hold any security. Investors/Traders are advised to consult their certified financial advisor before making any investment decisions.