Angel One’s Dinesh Thakkar believes SEBI’s action against Jane Street will not derail India’s market momentum, which he says is driven by strong structural factors. He welcomed the crackdown for strengthening governance and transparency.

India's markets regulator has widened an investigation into alleged market manipulation by U.S. securities trading firm Jane Street to include other indexes and exchanges, a source familiar with the matter said.

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.