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Shares of TCS, Wipro, HCL fall due to Trump Administration's Policy

Shares of TCS, Wipro, HCL fall due to Trump Administration's Policy

Monday, January 30, 2017, 5:02 PM

Shares of Indian outsourcers struggled today amid concern over the Trump administration's clampdown on immigration. The US is the key export market for Indian IT sector, accounting for around 60% of revenues. The BSE IT index was down 0.4% in noon trade as compared to an overall flat Mumbai market. Wipro, HCL Tech and TCS were down over 1%.
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