December quarter results show mid-single digit net profit growth, primarily due to weak IT sector performance. Banking and finance companies, however, posted double-digit profit growth, supporting overall numbers. IT firms faced a profit decline, impacted by delayed client decisions and a shift towards AI projects.
FIIs sold about Rs 11,000 crore worth Indian stocks in 2 days of US-Iran war
Foreign investors sold nearly Rs 11,000 crore in two March sessions amid escalating West Asia tensions, surging crude prices and currency volatility. DIIs offered support,