Indian benchmarks muted as US visa worries offset consumption optimism
India’s Nifty-50 and Sensex ended nearly flat today as optimism over festive demand and strong auto and finance stocks was tempered by concerns over the U.S. raising H-1B visa fees. The rupee slid to record lows amid worries around foreign inflows. Small-caps and mid-caps underperformed broader markets. IT stocks dropped sharply, weighed down by fears that higher visa costs will hit margins and contract wins tied to U.S. work-permit dependencies.
negative
26 days ago
Indian benchmarks muted as US visa worries offset consumption optimism
India’s Nifty-50 and Sensex ended nearly flat today as optimism over festive demand and strong auto and finance stocks was tempered by concerns over the U.S. raising H-1B visa fees. The rupee slid to record lows amid worries around foreign inflows. Small-caps and mid-caps underperformed broader markets. IT stocks dropped sharply, weighed down by fears that higher visa costs will hit margins and contract wins tied to U.S. work-permit dependencies.
negative
Indian benchmarks muted as US visa worries offset consumption optimism
26 days ago
1 min read
70 words
Markets little changed after visa fee hikes offset festive demand strength.
India’s Nifty-50 and Sensex ended nearly flat today as optimism over festive demand and strong auto and finance stocks was tempered by concerns over the U.S. raising H-1B visa fees. The rupee slid to record lows amid worries around foreign inflows. Small-caps and mid-caps underperformed broader markets. IT stocks dropped sharply, weighed down by fears that higher visa costs will hit margins and contract wins tied to U.S. work-permit dependencies.
India’s Nifty-50 and Sensex ended nearly flat today as optimism over festive demand and strong auto and finance stocks was tempered by concerns over the U.S. raising H-1B visa fees. The rupee slid to record lows amid worries around foreign inflows. Small-caps and mid-caps underperformed broader markets. IT stocks dropped sharply, weighed down by fears that higher visa costs will hit margins and contract wins tied to U.S. work-permit dependencies.