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The regulator initiated suo motu action as the power exchanges started T+1 contracts, which enable settlement in 24 hours, without permission. The states alleged that the power exchanges enabled sellers to move to the uncapped term-ahead market, a bilateral market, said people aware of the matter.

The central bank is said to have sold dollars in the futures market and the offshore non-deliverable forwards (NDF) markets to prevent a drawdown for now on its foreign exchange reserves that are just shy of $600 billion currently.

Since 2011, the Competition Commission of India has looked at 16 cement acquisitions, in eight of which it has given a "long form merger notifications"- a legalese for cases where the combined market share of the target and acquirer exceeds 15% market share in a relevant geographical market.

The world’s most dominant cryptocurrency, Bitcoin, dropped below $30,000 and touched a 52-week low on Monday. It was trading at $31,350 at 5 pm IST on Tuesday. Bitcoin has been dropping ever since it touched an all-time high of $68,789.63 in November.

Adani Ports, PNB, Petronet LNG Relaxo Footwears, Indian Bank, SKF India, BSE, Lakshmi Machine Works, Birla Corporational and Kalyan Jewellers are among the companies which will announce their earnings today.

Technology and growth stocks, whose valuations rely more heavily on future cash flows, have been among the hardest hit in the recent selloff. The Nasdaq is down about 25% for the year so far.

The dollar hovered near a two-decade high against major peers on Wednesday, ahead of a key reading on inflation that should provide clues on how aggressive the Federal Reserve will be in tightening monetary policy. The dollar index, which measures the currency versus six rivals, was around flat at 103.92, not far from the high of 104.49 reached at the start of the week for the first time since December 2002.

Shares of Thyrocare Technologies and Rakesh Jhunjhunwala- promoted Aptech will become ex-dividend today. Thyrocare had announced a dividend of Rs 15 per share. Aptech had also announced a dividend of Rs 5 per share. Rakesh and Rekha Jhunjhunwala held a 23.4 per cent stake in this company as of March 31.

Stocks that were in focus include names like Dixon Technologies which fell more than 3 per cent, GNFC rose more than 8 per cent, and Asian Paints closed more than 2 per cent higher on Tuesday.

In FY 2020-21, Ethos reported a net profit of Rs 5.79 crore with a revenue of Rs 403.14 crore. For the period ended December 2021, the company reported a net profit of Rs 15.99 crore, with a revenue of Rs 429.35 crore.