Shares of India’s capital market-related companies fell sharply on Friday, July 4, after the Securities and Exchange Board of India (SEBI) barred US-based trading firm Jane Street from accessing Indian markets over alleged manipulation.
Nuvama Wealth Management shares dropped around 6%, Angel One fell 5.5%, while BSE and CDSL also opened lower before partially recovering from their day’s lows.
SEBI’s order stated that unlawful gains worth approximately ₹4,843 crore by Jane Street and others will be impounded.
Angel One stock was also under pressure after its monthly business update showed signs of slowing growth. The broking platform reported a 41% YoY drop in gross client acquisition in June to 0.55 million, though the client base still grew 31% YoY.
The number of orders processed declined 31% YoY to 114.95 million, while average daily orders dropped 38% YoY to 5.47 million.
The broader weakness in the sector reflects investor concerns over regulatory tightening and operational headwinds in capital market intermediaries following the SEBI action against Jane Street.
