SEBI Ban on Jane Street Hits Nuvama, Market Players

Shares of

Nuvama Wealth Management fell around 6% on July 4 after SEBI barred Jane Street from Indian markets over alleged manipulation. SEBI aims to seize ₹4,840 crore in unlawful gains. Nuvama, Jane Street’s local partner, was impacted along with other capital market stocks, dragging the Nifty Capital Markets index down 2%.