OFSS shares plunge over 7% as Indian IT stocks dip on external pressures

OFSS shares fell more than 7% on Monday, pulling down other major Indian IT stocks. Infosys, Wipro and Coforge each slipped up to 2% in the same session. Traders linked the sell‑off to two outside developments. First, reports surfaced that Oracle faces an $18 billion debt burden tied to its data‑centre business, raising concerns about the health of a key technology partner. Second, US President Donald Trump announced that the $100,000 H‑1B visa fee will remain in place for another year, adding cost pressure for Indian IT firms that rely on US talent. The combined effect of the Oracle debt story and the extended visa fee has weighed on investor sentiment toward the sector, leading to the broad decline across the IT index.