Economic TimesLean R·
OFSS shares tumble 7%; Wipro, Coforge, Infosys shares down up to 2%. Why are IT stocks under pressure today?
The shares of Oracle Financial Services Software (OFSS) tumbled more than 7%, while those of Wipro, Coforge, Infosys and other IT companies dropped up to 2% despite the overall positive market sentiment on Monday.OFSS shares plunged to Rs 11,061 apiece, on track to record the sharpest single-day fall since late July. It is currently the top loser on the Nifty IT index, which is down over half a %.Why OFSS shares are falling today?This came after the Financial Times reported that around $18 bill…
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