“The financial services sector has the biggest weight on benchmark Nifty; so when there is broad-based selling, banking and financial services’ share in foreign selling tends to be higher,” said U R Bhat, co-founder & director, Alphaniti.
Adani Energy slips over 3% despite Q4 net profit rising 6%
Adani Energy Solutions shares fell despite steady Q4 performance. The company posted a 6% YoY rise in net profit to Rs 684 crore and a