At the heart of the controversy is Jane Street’s aggressive trading in the derivatives (futures) segment, where the firm executed trades designed not just to profit, but to sway the market itself. Here's how.

SEBI has temporarily barred Jane Street from the Indian stock market and impounded ₹4,840 crore for alleged index manipulation, raising concerns about retail traders' vulnerabilities in derivatives trading.

Speaking with reporters over the interim order against the New York-based hedge fund manager, Tuhin Kanta Pandey said surveillance has been increased both by the regulator and also at the exchange level.