Sebi’s probe into Jane Street triggered a sharp selloff in capital market-linked stocks, wiping out Rs 12,000 crore in market value on Friday. The crackdown exposed Dalal Street’s dependence on prop trading firms and impacted even those not under scrutiny. Nuvama, Jane Street’s local partner, fell over 11%, while BSE, Angel One, and CDSL also declined.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets