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Shares of Oracle Financial Services Software (OFSS) rallied over sharply after parent Oracles U.S. stock soared on a blockbuster cloud forecast. Oracles multi-billion-dollar client wins and aggressive expansion in multi-cloud services boosted optimism that OFSS will benefit from higher license and cloud revenue growth.
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They were originally expected to leave the US at about 14:30 local time (18:30 GMT) on Wednesday.
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Infosys shares experienced a 2% surge, reaching Rs 1,535 on the BSE, ahead of its fifth share buyback meeting. Historically, Infosys shares have generally risen following buyback announcements. Market experts suggest that current valuations are more appealing, with the stock consolidating at lower levels.
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