Trump can give another shock to IT shares! – It stocks coforge wipro tech mahindra fall as trump administration proposed new changes to h 1b visa process watch video to know more
The US Donald Trump government is preparing to give another blow to India’s IT companies. The Trump government first increased the fee of H-1B visa by about 100 times to $ 1 lakh. IT companies are still struggling with this problem, that now they have proposed to change the process of allotment of this entire visa. This new proposal can cause direct damage to the outsourcing hiring models of Indian IT companies. Due to this, on 24 September, the shares of most IT companies appeared trading with pressure. The Nifty IT index fell more than 0.7 per cent to 34,857.70 during the IT index business. This is its lowest level of the last two weeks. The 9 shares of 10 of the Nifty IT index closed down. What does this new proposal of America say about H-1B visa system? Why is this shock for IT companies? And what do market experts have to say about this? Let us understand it in detail.
