Jane Street, an algorithmic trading firm, which allegedly manipulated the Indian stock market to generate massive profits. It details how Jane Street employed secret strategies, eventually uncovered by the Securities and Exchange Board of India (SEBI), to profit from options trading by artificially influencing stock and index prices. Specifically, the firm would buy stocks to inflate an index, simultaneously take bearish positions in options, then aggressively sell the purchased stocks to cause the index to crash, thereby profiting immensely from their options bets. This unethical practice, which resulted in substantial losses for individual retail investors, has led to SEBI banning Jane Street from the Indian market and ordering them to deposit ₹4,800 crore. The source concludes by advising retail investors to avoid such risky options trading and focus on long-term investing in fundamentally strong companies
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