Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Economic Times
The Economic Times
Debaroti Adhikary

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 %.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.