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Adani Enterprises has bagged multiple coal import contracts from NTPC between January and June. The Adani Group in December last year shipped out the first consignment of coal from its Carmichael mines in Queensland, Australia. Industry insiders said it is also eyeing Coal India’s two e-tenders totalling 6 mt, for which bids have to be submitted by Tuesday.

Volumes on WazirX were down the most at 82%, according to data sourced from crypto research and consulting firm Crebaco. The decline was almost 70% on CoinDCX and 76% on ZebPay.

Sebi has asked credit rating agencies to share information on all corporates whose ratings are propped up with promoter or parent guarantees and pledge of shares. The capital market regulator has also sought details on companies which have been refusing, often for years, to share data with rating firms.

Marshall Machines, Trade-Wings, Aroma Enterprises, Mewat Zinc and Eastern Sugar & Industries are among the companies which will announce their quarterly earnings today. EKI Energy Services will go ex-bonus today in the ratio of 3:1.

According to a report on India’s foreign exchange reserves by Barclays, while last week’s imposition of higher duties on gold imports and export levies on petroleum products are beneficial at the margin, they are unlikely to “materially alter the widening current account deficit”.

"Energy markets remain laden with specific supply risks that makes being short a nervy experience," Commonwealth Bank commodities analyst Tobin Gorey said.

"However, we expect consensus profit margin forecasts to fall which will lead to downward EPS revisions whether or not the economy falls into recession." Earnings season starts of July 15 and expectations are being marked lower given high costs and softening data.

The bank added that the merger is subject to several statutory and regulatory approvals, including those from the Reserve Bank of India, Competition Commission of India, the National Company Law Tribunal, and the respective shareholders and creditors of the companies.

"The shares of HDB Financial have fallen nearly 50% from the peak of ₹1,200 hit in the early half of 2020; this is largely due to the lagging financial performance and the regulatory overhang," said Rahul Thalia, director, Sarffin Financial Advisors. "The shares had also risen due to expectations that an IPO was in the offing but the proposed merger has also cast a doubt over those plans."

The investors said in a June 29 letter to the Sebi chairman that news about the potential acquisition had been reported in the press and was doing the rounds on social media for more than a month before the deal was announced.