SEBI vs. Jane Street: Market Manipulation, Meme Wars & a ₹4,843 Crore Reckoning
As India’s market regulator takes on a global trading giant, retail investors are watching—and laughing—through the chaos. SEBI has banned Jane Street from Indian markets over alleged index manipulation. But beyond the ₹4,843 crore freeze, the internet has turned the crackdown into a meme fest. Here’s what really happened. On July 4, 2025, the Securities and Exchange Board of India (SEBI) dropped a regulatory bombshell: it barred Jane Street , a global proprietary trading firm, from accessing Indian securities markets. The reason? Alleged manipulation of index levels in Bank Nifty and Nifty 50 , using aggressive expiry-day trades to rake in unlawful profits. The amount in question? A staggering ₹4,843 crore was ordered to be impounded and deposited into an escrow account. But while the financial world scrambled to digest the implications, the internet did what it does best: it memed. 🧠 What Did Jane Street Do? According to SEBI’s 105-page interim order, Jane Street ...