Fri, Jan 06, 2017
IT stocks fell as much as 4% on Friday amid concerns that a bill backing key changes in the H1-B Visa programme, that allows skilled workers from countries like India to fill high-tech jobs in the US, has been re-introduced in the US Congress.
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While Q3 is a weaker quarter for the IT sector, headwinds such as a muted macro economic environment, Brexit and the US visa concerns are expected to hit earnings during this quarter.
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