New Delhi, July 7 -- Nuvama Wealth Management Ltd's shares recovered slightly on Monday, but are still down about 8% from Thursday's close of Rs.8,175.50 apiece as it became a casualty of the Jane Street saga.

Jane Street is a US-headquartered trading firm present in equity and derivatives markets in India. It is accused of manipulating cash market prices to make multifold gains in options that are far higher than its cumulative losses in cash and futures segment.

There is a general fear that the Securities and Exchange Board of India's (Sebi's) action could reduce the trading volumes further, which led to losses in share prices on Friday of other capital market plays such as Angel One Ltd and BSE Ltd. But Nuvama Wealth is attracting mo...