IT Stocks Drag Indian Markets Amid U.S. Visa Fee Shock
Indian equity markets are under pressure today as the U.S. introduced a $100,000 fee for new H-1B visa applications, spooking the IT sector heavily reliant on skilled labor mobility. Key firms like Infosys, Wipro, and TCS are down around 2%, while the NIFTY IT index dropped ~2.6% intraday. Broader indices Nifty50 and Sensex are also trading lower, influenced by global dollar strength and foreign outflows. The rupee has slipped slightly to ₹88.16/USD. Investor sentiment remains fragile as markets adjust to policy crosswinds.
negative
27 days ago
IT Stocks Drag Indian Markets Amid U.S. Visa Fee Shock
Indian equity markets are under pressure today as the U.S. introduced a $100,000 fee for new H-1B visa applications, spooking the IT sector heavily reliant on skilled labor mobility. Key firms like Infosys, Wipro, and TCS are down around 2%, while the NIFTY IT index dropped ~2.6% intraday. Broader indices Nifty50 and Sensex are also trading lower, influenced by global dollar strength and foreign outflows. The rupee has slipped slightly to ₹88.16/USD. Investor sentiment remains fragile as markets adjust to policy crosswinds.
negative
IT Stocks Drag Indian Markets Amid U.S. Visa Fee Shock
28 days ago
1 min read
82 words
New U.S. visa fee pressures Indian IT stocks; Nifty & Sensex slip; rupee weakens; FPIs pull back.
Indian equity markets are under pressure today as the U.S. introduced a $100,000 fee for new H-1B visa applications, spooking the IT sector heavily reliant on skilled labor mobility. Key firms like Infosys, Wipro, and TCS are down around 2%, while the NIFTY IT index dropped ~2.6% intraday. Broader indices Nifty50 and Sensex are also trading lower, influenced by global dollar strength and foreign outflows. The rupee has slipped slightly to ₹88.16/USD. Investor sentiment remains fragile as markets adjust to policy crosswinds.
Indian equity markets are under pressure today as the U.S. introduced a $100,000 fee for new H-1B visa applications, spooking the IT sector heavily reliant on skilled labor mobility. Key firms like Infosys, Wipro, and TCS are down around 2%, while the NIFTY IT index dropped ~2.6% intraday. Broader indices Nifty50 and Sensex are also trading lower, influenced by global dollar strength and foreign outflows. The rupee has slipped slightly to ₹88.16/USD. Investor sentiment remains fragile as markets adjust to policy crosswinds.