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IT stocks crash because of H1B visa reform bill

IT stocks crash because of H1B visa reform bill

Tuesday, January 31, 2017, 2:56 PM

Information technology stocks crashed after Press Trust of India reported that the H1B visa reform bill introduced in the US House of Representatives. Infosys falls 4.5%, TCS (5.5%), Tech Mahindra (9.7%), HCL Technologies (6.3%) and Wipro 4.1%. BSE IT Index fell as much as 4.8%, its biggest fall in six months; while India’s benchmark Sensex Index fell 0.6% to 27680.51 points.
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