IT stocks down as US scraps premium process of H1-B visa for now

06 Mar 2017 Evaluate

Tata Consultancy Services (TCS) is currently trading at Rs. 2462.90, down by 29.45 points or 1.18% from its previous closing of Rs. 2492.35 on the BSE. The scrip opened at Rs. 2475.00 and has touched a high and low of Rs. 2482.45 and Rs. 2457.50 respectively. So far 130460 shares were traded on the counter.

Infosys is currently trading at Rs. 1028.75, down by 2.40 points or 0.23% from its previous closing of Rs. 1031.15 on the BSE. The scrip opened at Rs. 1019.80 and has touched a high and low of Rs. 1034.50 and Rs. 1018.00 respectively. So far 97655 shares were traded on the counter.

Wipro is currently trading at Rs. 490.00, down by 2.40 points or 0.49% from its previous closing of Rs. 492.40 on the BSE. The scrip opened at Rs. 494.00 and has touched a high and low of Rs. 494.00 and Rs. 488.70 respectively. So far 34222 shares were traded on the counter.

Information technology (IT) stocks came under pressure after the United States announced that from April 3 it would temporarily suspend the ‘premium processing’ of H-1B visas that allowed some companies to jump the queue as part of its efforts to clear the backlog. The H-1B visas are widely used by Indian IT majors.

TCS Share Price

3316.15 50.90 (1.56%)
Jul 01, 18:01 View Price Chart
Peers
Company Name CMP
TCS 3316.15
Infosys 1478.05
Wipro 421.80
HCL Tech. 976.35
Tech Mahindra 1010.60
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