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Sebi's indices rejig plan good, but long overdue: Experts

Financial Express Delhi

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August 20, 2025

DESPITE HAILING SEBI's proposal to restructure the equity indices linked to derivatives contracts to prevent market manipulation as a significant move, industry experts on Tuesday said it should have been done long ago.

- NESIL STANEY

"While this regulatory response is significant, one may argue such a framework should have been introduced earlier, as it may have shielded the markets from vulnerabilities that came to light in Jane Street case," said Aditya Bhansali, founding partner, Mindspright Legal.

Sebi had accused US-based Jane Street of deliberately influencing the bank index and banned it from trading activities.

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