IT Stocks Lead Indian Market Declines After U.S. Visa Fee Hike
Indian equity markets dropped today, with tech stocks under pressure after the U.S. imposed a $100,000 fee on new H-1B visa applications. The NIFTY IT index plunged ~2.96%, and industry heavyweights like Infosys, TCS, and Wipro saw declines around 2-4%. Sensex fell over 150 points, with Nifty slipping below 25,300. Meanwhile, SBI and Bharti Airtel bucked the trend, adding to their market cap this week as defensive plays. Foreign investor sentiment appears cautious, and the rupee moved slightly weaker amid the policy shock.
negative
27 days ago
IT Stocks Lead Indian Market Declines After U.S. Visa Fee Hike
Indian equity markets dropped today, with tech stocks under pressure after the U.S. imposed a $100,000 fee on new H-1B visa applications. The NIFTY IT index plunged ~2.96%, and industry heavyweights like Infosys, TCS, and Wipro saw declines around 2-4%. Sensex fell over 150 points, with Nifty slipping below 25,300. Meanwhile, SBI and Bharti Airtel bucked the trend, adding to their market cap this week as defensive plays. Foreign investor sentiment appears cautious, and the rupee moved slightly weaker amid the policy shock.
negative
IT Stocks Lead Indian Market Declines After U.S. Visa Fee Hike
28 days ago
1 min read
83 words
Visa fee hike hits Indian IT firms; broader indices fall; SBI and Airtel gain share value.
Indian equity markets dropped today, with tech stocks under pressure after the U.S. imposed a $100,000 fee on new H-1B visa applications. The NIFTY IT index plunged ~2.96%, and industry heavyweights like Infosys, TCS, and Wipro saw declines around 2-4%. Sensex fell over 150 points, with Nifty slipping below 25,300. Meanwhile, SBI and Bharti Airtel bucked the trend, adding to their market cap this week as defensive plays. Foreign investor sentiment appears cautious, and the rupee moved slightly weaker amid the policy shock.
Indian equity markets dropped today, with tech stocks under pressure after the U.S. imposed a $100,000 fee on new H-1B visa applications. The NIFTY IT index plunged ~2.96%, and industry heavyweights like Infosys, TCS, and Wipro saw declines around 2-4%. Sensex fell over 150 points, with Nifty slipping below 25,300. Meanwhile, SBI and Bharti Airtel bucked the trend, adding to their market cap this week as defensive plays. Foreign investor sentiment appears cautious, and the rupee moved slightly weaker amid the policy shock.