Tech rally: Infosys, TCS, Tech Mahindra shares jump as Donald Trump backs foreign talent; easing H-1B visa concerns
Indian IT stocks surged Wednesday following US President Trump’s remarks suggesting a need for skilled foreign workers. This potential shift from a hardline immigration stance boosted companies like Tech Mahindra and TCS. The Nifty IT index outperformed, as markets interpreted the comments as a sign of policy pragmatism, offering hope for the sector’s reliance on H-1B visas.🕒 1 min read
Indian IT stocks surged Wednesday following US President Trump’s remarks suggesting a need for skilled foreign workers. This potential shift from a hardline immigration stance boosted companies like Tech Mahindra and TCS. The Nifty IT index outperformed, as markets interpreted the comments as a sign of policy pragmatism, offering hope for the sector’s reliance on H-1B visas.
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