Breaking News: Algorithmic Trading Scam Uncovered in Mumbai
Updated: 08 Jul 2025, 01:30 PM IST
A major scandal unfolds in Mumbai as an algorithmic trading scam is exposed, shaking the Nifty Bank Index and raising concerns about market manipulation.
Unveiling the Scandal
It all began on a quiet Thursday morning in Mumbai. As the opening bell rang on Dalal Street, a surge in the Nifty Bank Index signalled bullish energy in the markets. But thousands of miles away, in the high-rise glass offices of Jane Street, a giant quant-prop trading firm in New York, something deeper was at play—an algorithmic rigging strategy disguised as market momentum, cloaked in trading sophistication and speed.