Indian IT stocks came under renewed pressure after the US imposed a sharp $100,000 one-time fee for new H-1B visas, triggering selling across the sector. Asian markets remained mixed, while US indices closed higher last session. As Indian equities prepare for a cautious opening, focus will be on how IT and financial stocks navigate policy headwinds. Stock futures indicate mild weakness, reflecting investor concerns over global rate changes and local regulatory signals.
negative
27 days ago
IT Stocks Under Pressure; Mixed Global Cues
Indian IT stocks came under renewed pressure after the US imposed a sharp $100,000 one-time fee for new H-1B visas, triggering selling across the sector. Asian markets remained mixed, while US indices closed higher last session. As Indian equities prepare for a cautious opening, focus will be on how IT and financial stocks navigate policy headwinds. Stock futures indicate mild weakness, reflecting investor concerns over global rate changes and local regulatory signals.
negative
IT Stocks Under Pressure; Mixed Global Cues
27 days ago
1 min read
72 words
Visa charges escalate; IT stocks slide despite stable US markets.
Indian IT stocks came under renewed pressure after the US imposed a sharp $100,000 one-time fee for new H-1B visas, triggering selling across the sector. Asian markets remained mixed, while US indices closed higher last session. As Indian equities prepare for a cautious opening, focus will be on how IT and financial stocks navigate policy headwinds. Stock futures indicate mild weakness, reflecting investor concerns over global rate changes and local regulatory signals.
Indian IT stocks came under renewed pressure after the US imposed a sharp $100,000 one-time fee for new H-1B visas, triggering selling across the sector. Asian markets remained mixed, while US indices closed higher last session. As Indian equities prepare for a cautious opening, focus will be on how IT and financial stocks navigate policy headwinds. Stock futures indicate mild weakness, reflecting investor concerns over global rate changes and local regulatory signals.