This move signals the regulator’s intent to tighten oversight of complex algorithm-driven trading, especially by global players who account for a significant chunk of the volumes in India’s derivatives market.

On Thursday, Sebi issued an interim order barring the U.S.-based investment firm and its group entities from accessing the securities market in India, while directing them to disgorge ₹4,843.57 crore in alleged unlawful gains.

As US-based HFT firm faces scrutiny over alleged market manipulation, placement teams at top IITs await the regulator's final decision ahead of internship season