Make $1 billion loss in stock futures to earn $5 billion profit in options: Sebi exposes Jane Street's Baazigar strategy

Sebi has accused Jane Street of executing a complex intra-day manipulation strategy to earn Rs 35,602 crore in profits from Nifty Bank index options. By deliberately incurring losses in cash and futures trades, the firm allegedly distorted index levels to profit from options. The regulator has termed the strategy manipulative, marking one of its most significant crackdowns on a foreign trader.