Mysterious moves in contracts tied to India's NSE Nifty 50 Index have raised concerns about questionable trading activity.
Traders have observed abnormal price action in the straddle on the NSE Nifty 50 Index, with unexplained price increases during expiration days.
India's securities regulator flagged unexplained variations in option prices, with a focus on weekly contracts tracking the NSE Nifty Bank Index.
SEBI is expanding its market-manipulation probe to include trades around major equity gauges like the Nifty 50 and Sensex, following the temporary ban on Jane Street Group LLC.