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Market move▼ Strongly bearish for Oracle Financial Services Software
Oracle Financial Services shares set for their worst week in 20 months; Here's what is concerning the street
The brief
- Oracle Financial Services shares fell 3.2% to ₹10,572 on Friday, after touching ₹10,332
- The stock is down 11% for the week
- The sharp fall weighs directly on Oracle Financial Services Software investors
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| OFSS | Fri, 25 Sept | −1.4% | −1.8% | 2.3× | −1.4% · Nifty +0.3% |
✓ Classifier read this as negative; OFSS fell 1.8% against the Nifty on the day it traded.
- The post-Enron auditor reforms are being rolled back
- IT shares fall for sixth straight session; OFSS, Infosys top losers: Here's why
Oracle’s New Mexico data centre delays
Oracle issued a force majeure notice over power delays at its Project Jupiter data centre in New Mexico, seeking protection from potential cost increases. The development raised concerns about AI infrastructure financing and weighed on Oracle Financial Services Software shares.
Friday, 25 September
- Oracle Financial Services shares set for their worst week in 20 months; Here's what is concerning the street