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Indian IT Stocks Bleed $10B
Is This Just the Beginning?
Indian tech stocks lost nearly $10 billion in market value as the Nifty IT index slid almost 3%, reacting to proposed H-1B visa fee hikes. While the clarified changes appear minor, markets may be pricing in deeper threats, including the HIRES Act, tougher U.S. immigration scrutiny, and the shadow of election year politics.
This selloff might not be about what’s happened but about what’s coming next.
#IndianIT H1BVisa #TechStocks NiftyIT #StockMarket USImmigration #HIRESAct Infosys #TCS Wipro #BreakingNews #Markets #VisaPolicy #Equities