Nifty IT settled over 3% lower on Wednesday — Infosys -4.3%, TCS -4%, HCL Tech -4%, Tech Mahindra -3.2%, Wipro -3%.
The reported triggers: expanded US visa fees that took effect today ($4,000 per H-1B extension, $4,500 per L-1 extension), the US suspension of Cognizant's permanent labour certification filings, and a weaker US session after hot jobs data lifted rate expectations.
→ Why it moved: https://marketchacha.com/movers
This article is for educational and informational purposes only. It is not financial advice, investment recommendation, or a solicitation to buy or sell securities. Investing involves significant risks. I am not a SEBI-registered investment advisor. Readers should consult their own financial advisor and conduct their own research before making any investment decisions.
Comments
Join the conversation
Sign in to join the conversation.
Follow replies, add your view, and take part in the discussion.
Sign in to commentLoading comments...