Jane Street Exit: Why Nuvama could feel the heat while BSE stays largely unscathed

SEBI's interim ban on Jane Street is likely to impact Indian equity derivatives unevenly. While BSE may escape largely unscathed due to minimal FPI exposure, Nuvama could face earnings pressure, according to Jefferies. The crackdown comes amid allegations of manipulation, with SEBI freezing over Rs 4,800 crore in suspected profits.