IT shares fall for sixth straight session; OFSS, Infosys top losers: Here's why
Nifty IT index fell 0.6% on September 25, extending its decline for the sixth straight session. Infosys and Tata Consultancy Services were among the top losers, while Oracle Financial Services Software shed 5%. The decline was attributed to inflationary worries and expectations of multiple Federal Reserve rate hikes. Fed policymakers Anna Paulson and John Williams suggested tighter monetary policy is coming, with markets pricing in a 69% probability of a US rate hike in October.








