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SEBI bans US firm Jane Street from India's market over alleged Nifty 50 index manipulation.
India's market regulator, SEBI, has banned US trading firm Jane Street from accessing India's securities market due to allegations of market manipulation involving the Nifty 50 index.
SEBI has frozen about $566 million, claiming it as unlawful gains, and directed banks to prevent any withdrawals without approval.
Jane Street disputes these findings, maintaining it will discuss the matter further with SEBI.
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SEBI prohíbe a la firma estadounidense Jane Street en el mercado de la India por la presunta manipulación del índice Nifty 50.