π IT stocks take a dip on global news
OFSS shares dropped over 7%, while Wipro, Coforge, and Infosys saw declines up to 2% on Monday. This downturn followed reports of $18 billion in Oracle's data centre debt pressure and Trump extending the $100,000 H-1B visa fee. These factors added pressure to the Indian IT sector, which is seeing mixed market sentiment. Goldman Sachs remains cautious, citing weak IT services demand amidst AI-led deflation. Investors are now watching how these global policy and corporate finance issues impact future earnings. π