On Thursday, the Securities and Exchange Board of India (Sebi) ordered the impounding of Rs 4,843.57 crore in alleged unlawful gains made by Jane Street through manipulative trading.

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 recently taken action against the global trading firm Jane Street which has triggered significant conversations around the Indian stock market and how it functions.