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Bloomberg Quint

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Image Credit: Bloomberg Quint

Mysterious Option Trades Put Spotlight On Key Indian Stock Index

  • 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.

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