The Securities and Exchange Board of India (SEBI) has flagged global proprietary trading firm Jane Street for allegedly manipulating Indian stock markets in an “unusual” way.

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.

Here's a simple breakdown of the what, why, and how of the Jane Street saga. The case finally reached the regulator SEBI on July 3, resulting in a ban on the Wa