Shares of BSE Ltd. surged more than 2.5% on Monday to ₹2,515, rebounding after three sessions of losses, following news that the Securities and Exchange Board of India (SEBI) has allowed Jane Street Group to resume trading in India after the firm deposited the fine amount into an escrow account.
According to a Bloomberg and Business Standard report, SEBI informed Jane Street last week via email that the trading ban imposed earlier this month had been lifted. Jane Street deposited ₹4,844 crore (approximately $564 million) as alleged “unlawful gains” into an escrow account by the July 14 deadline, complying with the regulator’s order.
Earlier this month, SEBI had barred the US-based high-frequency trading firm from participating in India’s stock markets over allegations of manipulating stock indices through positions in derivatives trading. The ban had triggered heavy selling pressure in capital markets-related stocks, including BSE, which lost about 15% in three sessions amid concerns about a potential drop in trading volumes.
With the ban lifted, Jane Street — known for its aggressive index options strategies — has been allowed to resume trading, though SEBI has directed the NSE and BSE to keep a close watch on its future trading activity.
At the time of writing, BSE shares were trading at ₹2,515, up ₹66.50 or 2.72% compared to Friday’s close of ₹2,448.50.
