The Securities Exchange Board of India (SEBI) has barred Jane Street Group from accessing India's securities market, according to an order posted on the regulator's website on Friday.The order stated that the American trading firm's "entities are restrained from accessing the securities market and are further prohibited from buying,

Shares of some Indian stockbrokers and market intermediaries fell on Friday after the country's securities regulator barred U.S. trading firm Jane Street from the local market over alleged manipulation in derivatives trading.

India’s stock market regulator has temporarily banned Jane Street from dealing securities in the country, accusing the New York-based trading firm of a “sinister scheme” to manipulate derivatives markets.