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.