Tuhin Kanta Pandey, Chairman of the Securities and Exchange Board of India (Sebi), issued a strong warning on Saturday against market manipulation, asserting that such practices—like those allegedly committed by US-based Jane Street—will not be tolerated.

Following its ₹4,843 crore order against Jane Street Group for alleged index manipulation, Sebi Chairman Tuhin Kanta Pandey issued a stern warning that market misconduct — from domestic or foreign entities — will face zero tolerance.

Jane Street entities manipulated index levels on expiry days to gain a significant edge in the index options segment