New Delhi, July 7 -- US hedge fund Jane Street Group allegedly manipulated India's benchmark Nifty 50 index at the peak of 'Operation Sindoor' by taking heavily bullish positions in the last 45 minutes of trading on 8 May.

India launched targeted missile strikes on Pakistan and Pakistan-occupied Kashmir in the early hours of 7 May in retaliation for the Pahalgam terror attack.

On 8 May, as the India-Pakistan conflict escalated, the Nifty fell just 0.6% to 24,274 points as a result of Jane Street Group's actions, show the Securities and Exchange Board of India's findings in its interim order barring the US proprietary trading firm from Indian stock markets for alleged market manipulation.

That Thursday, 8 May, was the expiry day of Nift...