Jane Street Banned in India: SEBI Action on Alleged Index Manipulation 2025

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India and Russia are quietly turbocharging their defense ties, discussing fresh supplies of cutting-edge missile systems and fighter jet upgrades in New Delhi this week. This move signals a bold push to modernize India’s air power as regional tensions simmer.

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Today’s Market Menu

▪️ Impact News

▪️ Markets

▪️ Everything else you need to know today

▪️ Special

▪️ Mindset

▪️ Stock Screener to up your game

IMPACT NEWS

⚡️ Jane Street Barred: SEBI Cracks Down on Market ‘Rigging’

Big jolt for India’s derivatives playground.

In a rare and bold move, SEBI has banned US trading giant Jane Street and its affiliates for allegedly manipulating the Bank Nifty index reportedly pocketing a staggering ₹36,500 crore.

The alleged playbook? Aggressive trades on expiry days: huge morning buys, heavy options selling, then dumping futures positions to steer index closings in their favors.

Why does this matter?

• It signals SEBI’s rising intolerance for unchecked big-player tactics.

• India’s derivatives market one of the world’s busiest has long faced whispers of expiry day “games.”

• This action could change how global HFTs and quant funds operate here.

For founders, traders, and regulators alike, it’s a reminder: trust and transparency are non-negotiable in India’s maturing markets. The days of bending the system with stealth moves are numbered.

MARKETS

India’s markets closed slightly upbeat today with the Sensex edging up 193 points to 83,432 (+0.23%) and the Nifty 50 gaining 55 points at 25,461 (+0.22%), while Nifty Bank led the charge with a robust 240-point jump (+0.42%). Only the Nifty Midcap 100 slipped a tad, down 5 points (-0.01%), hinting at selective profit booking. Overall, a steady green tick for frontline indices keeps traders hopeful as bulls keep the momentum alive.
_{Closing figures as on 04.07.25 (3.30pm IST)}

🔎 In Focus

Stock Performance:

Top Gainers
✅ Bajaj Finance Rose 1.66% thanks to a strong Q1 business update, showing robust loan growth and asset quality boosting street confidence despite broader market caution.
✅ Infosys Gained 1.36% riding on global IT optimism and resilience in the sector IT was among the few bright spots supporting the Nifty today, amid a wait-and-watch market mood.
✅ Dr Reddy’s Labs Up 1.25%, as pharma stocks saw fresh buying on positive cues from US tariff developments that could favour Indian exporters a sector-specific boost today.
✅ ICICI Bank Climbed 1.19%, helped by private banking strength and a positive brokerage note on ICICI Prudential, plus sector rotation keeping large banks in favour.

Top Losers

🔻 Trent Tumbled nearly 12%, marking its biggest single-day fall in 3 months after a weaker-than-expected Q1 update poor margin commentary triggered sharp profit booking.
🔻 Tata Steel Dropped 1.75% as global metal prices remain weak; renewed worries about China demand and ore costs weighed on sentiment for steel stocks today.
🔻 Eicher Motors Down 1.52% on light profit-taking after recent strong runs no negative trigger, but some cautious repositioning in auto stocks.
🔻 Tech Mahindra Slipped 1% on mild sector rotation; some investors booked profits in select IT stocks after recent gains no fresh negative news today, just natural churn.

INDIA FRONTIER

Everything else you need to know today

🚁 Drones: In a clear pivot after its drone-heavy standoff with Pakistan, India is unleashing a $234 million incentive to supercharge local drone manufacturing. By boosting homegrown production and cutting reliance on Chinese parts, New Delhi wants at least 40% of drone components made domestically by 2028.

🤝 Deal: Sources say the long-anticipated India-US trade deal is practically wrapped up now all eyes are on Modi and Trump for a final handshake. With a looming tariff deadline, this “big, beautiful” pact could reset the world’s fastest-growing trade corridor.

📈 Bonus: In a move to sweeten shareholder returns, VRL Logistics has just rolled out its maiden 1:1 bonus issue giving investors one extra share for each they hold. Hot on the heels of last year’s ₹61 crore buyback, this fresh bonus taps free reserves to boost paid-up capital and EPS.

🔗 Copper: In a bold play to secure its copper lifeline, India is courting global heavyweights like Chile’s Codelco and Australia’s BHP to build local smelters in return for Indian investments in their overseas mines.

SPECIAL

🏦 IndusInd’s Big Reset: Can New Leadership Ignite FY26 Revival?

One of India’s well-known private lenders is at a crucial crossroads.

IndusInd Bank, once a high-flying darling of private banking, just took a massive hit posting a ₹2,328 crore loss and witnessing top-level exits. But instead of patching over cracks, the bank is opting for a bold reboot: new leadership, fresh strategy, and a clear bet on revival.

Insiders say CEO contenders are already being lined up to steer the ship through FY25 turbulence and into a potential recovery by Q2FY26. Analysts believe this leadership reset coupled with sharper cost controls and cleaner books could be the catalyst the bank needs to win back investor trust.

Why it matters:

India’s private banking space is fiercely competitive reputation and confidence are everything.
Leadership credibility can make or break a turnaround story.

If IndusInd pulls this off, it sets a playbook for crisis-to-course correction that other lenders may follow.

THE HANOOMAAN INSTITUTE

Stop Doing This If You Want to Get Rich

Building wealth isn’t just about picking the right stocks or saving diligently, it’s about mastering your mindset. Steve Burns highlights five limiting beliefs that often hold people back from financial success:

1. Victim Mentality: Wealth builders take full responsibility for their financial path. Like Warren Buffett, they focus on what they can control, not external setbacks.
2. Short-Term Thinking: They invest for long-term growth, not quick wins, knowing that real wealth compounds over years.
3. Fear of Failure: They view setbacks as feedback, not defeat, and take calculated risks to keep moving forward.
4. Scarcity Mindset: They believe opportunities are abundant and create value rather than hoarding it.
5. Fixed Mindset: They see every financial decision as a learning moment, staying curious and adaptable.

💡 Success is often about what you avoid, not just what you pursue. Mindset is your true compounding asset.

SUPERCHARGE YOUR INVESTING SKILLS

STOCK SCREENER TO UP YOUR GAME

Intrinsic Value
by Niraj

Intrinsic Value - Current price > 0 AND
Sales growth 7Years > 15 AND
Debt to equity < 0.5 AND
Promoter holding > 60

Thanks for reading.

Until Sunday with our Startup Special!

Hanoomaan India Business team

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