Dev Chandak - Stock Market Expert Financial Advisor

The Nifty IT index has been soaring over the past three trading sessions. It gained 1 percent on February 14, about 1.13 percent on February 15 and 1.71 percent on February 16, with all stocks fuelling the benchmark index higher.

The group's access to funding from international markets can be curtailed "because of heightened risk perception", Moody's said, adding that in such a case, domestic banks may become the main source of funding, "resulting in increases in banks' exposures to Adani and greater risks for them".

However, operating performance took a hit as depreciation expenses and other income increased in the quarter, the renewables arm of the embattled Adani Group conglomerate said. EBITDA (earnings before interest, taxes, depreciation and amortization) fell 18.2 percent YoY to Rs 853 crore. EBITDA margin contracted to 43.2 percent from 74.5 percent in the year-ago period.