Indian Stock Market Dips as IT Sector Feels Visa Shock
Indian benchmark indices fell for a second day, with the IT sector leading declines in response to the US hiking the H-1B visa fee to $100,000 per worker. Reliance Industries also weighed heavily on the market, triggering further selling. While Tech Mahindra, Infosys, and HCL Tech closed lower, select stocks like Bajaj Finance and Adani Ports saw gains. Analysts expect GST reforms, normal monsoon, and foreign inflows to support longer-term recovery despite current volatility.
negative
27 days ago
Indian Stock Market Dips as IT Sector Feels Visa Shock
Indian benchmark indices fell for a second day, with the IT sector leading declines in response to the US hiking the H-1B visa fee to $100,000 per worker. Reliance Industries also weighed heavily on the market, triggering further selling. While Tech Mahindra, Infosys, and HCL Tech closed lower, select stocks like Bajaj Finance and Adani Ports saw gains. Analysts expect GST reforms, normal monsoon, and foreign inflows to support longer-term recovery despite current volatility.
negative
Indian Stock Market Dips as IT Sector Feels Visa Shock
27 days ago
1 min read
74 words
Stocks drop on IT sector sell-off; reforms seen aiding recovery.
Indian benchmark indices fell for a second day, with the IT sector leading declines in response to the US hiking the H-1B visa fee to $100,000 per worker. Reliance Industries also weighed heavily on the market, triggering further selling. While Tech Mahindra, Infosys, and HCL Tech closed lower, select stocks like Bajaj Finance and Adani Ports saw gains. Analysts expect GST reforms, normal monsoon, and foreign inflows to support longer-term recovery despite current volatility.
Indian benchmark indices fell for a second day, with the IT sector leading declines in response to the US hiking the H-1B visa fee to $100,000 per worker. Reliance Industries also weighed heavily on the market, triggering further selling. While Tech Mahindra, Infosys, and HCL Tech closed lower, select stocks like Bajaj Finance and Adani Ports saw gains. Analysts expect GST reforms, normal monsoon, and foreign inflows to support longer-term recovery despite current volatility.