U .S. proprietary trading outfit Jane Street has been accused by the Indian Securities and Exchange Board of index manipulation on its exchanges and walloped with a financial penalty of around $570 million, based on its “illegal gains” as the board judged them.

By Jayshree P Upadhyay, Ira Dugal and Scott Murdoch MUMBAI (Reuters) -Indian regulators barred U.S. securities trading company Jane Street from the local market until further orders and seized $567 million of its funds,

India’s stock market regulator has banned Jane Street from dealing securities in the country, accusing the New York-based trading firm of a “sinister scheme” to manipulate derivatives markets. The Securities and Exchange Board of India said its decision to limit Jane Street’s access to India’s securities markets stemmed from a months-long investigation.

US stocks close higher after strong jobs data. S&P 500 and Nasdaq reach records. Mega tax bill is likely to pass. Trump tariff deadline is next week.

Stocks, bond yields and the dollar gained on Thursday after a strong jobs report soothed nerves about how the economy is faring during the early stages of President Donald Trump’s tariff campaign.

Dow, S&P 500 and Nasdaq point to slight gains as investors await payrolls data, Trump's tax and spending bill faces vote Follow all the latest U.S. market acti