Securities and Exchange Board of India (SEBI) has allowed U.S. proprietary trading firm Jane Street to resume trading in the Indian stock markets following the US firm deposited USD 567 million, according to a source based report by news agency Reuters.
Indian stock markets made a muted start on Monday, with both benchmark indices opening flat as investor sentiment remained weak amid ongoing uncertainty around the India-US trade deal.
Participants in the Indian stock markets will closely monitor ongoing tariff-related discussions, high-frequency indicators from both the US and India, two consecutive declines in forex reserves, and the earnings of the companies.
The Indian stock market opened flat on Friday as weak investor sentiment continued due to sustained selling by Foreign Portfolio Investors (FPIs) and a subdued earnings season in the IT sector.
At close of trading, the Sensex was down 375.24 points or 0.45 per cent at 82,259.24, and the Nifty declined 100.60 points or 0.40 per cent at 25,111.45.
Indian benchmark indices on Wednesday opened flat due to the weakness in Asian markets and cautious investors' sentiment ahead of the corporate earnings and major economic updates on trade discussions.
Indian equity markets opened higher on Tuesday, staging a mild recovery after four consecutive sessions of losses, the longest losing streak since March.
American proprietary trading firm Jane Street Capital deposited approximately Rs 4843.50 crore in an escrow account and requested market regulator, the Securities and Exchange Board of India (SEBI) to allow them to resume trading in the Indian stock markets.