The Stock Infobeans technologies fell by 2.64 percent, TATA Consultancy Services declined by 2.50 percent, hexaware technologies lost 1.91 percent, HCL technologies declined 1.31 percent, WIPRO decreased by 1.06 percent, infosys (0.64 percent) and Tech)
The BSE IT index fell by 1.10 percent to end at 34,149.55.
“The Nifty 50 extended its losing series to a fifth consecutive session in the midst of heavy sale in IT shares after the US had imposed a USD 1.00,000 H-1B visa costs,” said Ponmudi R, CEO of Enrich Money, an online trade and wealth technology company.
Since last Friday, of the Blue-Chip shares-Tech Mahindra, 7 percent have refueled, TCS lost 6.60 percent, Wipro fell by 5.52 percent, Infosys fell by 3.61 percent and HCL Tech fell by 2.99 percent.
Since last Friday, TCS has lost RS 75.798.93 CRORE in market rating, while Infosys was confronted with an erosion of RS 23,119.19 CRORE, the market capitalization of Wipro decreased with RS 14.799.36 Crore, that of HCL Tech (BS 11.940.12) and Tech) and Tech (BS 11.940.12) and Tech) crore). Together these five companies have lost RS 1,36.387.5 Crore in market rating in four days. “It has the victim of the sale in stock, with the Nifty IT index that is falling more than 6 percent this week about visa problems. Frontline IT shares such as Infosys, TCS, Wipro and HCL Tech traded deep in the red on Thursday,” Hariprasad K, research analyst and founder -said Livelong Weealth.
Last week the Trump administration announced a one-off USD 1.00,000 fee on H-1B-VISA.
In particular, Indian technical professionals are good for the most part of H-1B’s lake than 70 percent.
The BSE SENSEX with 30 shares refueled 555.95 points or 0.68 percent to settle at 81.159.68. The 50-gem NSE Nifty tumbled 166.05 points or 0.66 percent to 24,890.85.
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