Trade Nivesh | Nifty inch higher; Infosys, TCS among top losers
Benchmark indices opened gap-down in Thursday's session, dragged down by tech stocks that declined on reports that the United States was considering caps on H-1B work visas for nations that force foreign companies to store data locally.
India, which has upset companies such as Mastercard and irked the US government with stringent new rules on data storage, is the largest recipient of these temporary visas, most of them to workers at big Indian technology firms. READ THE FULL ARTICLE HERE
The benchmark S&P BSE Sensex was trading 132 points, or 0.34 per cent lower, at 38,981, with TCS, Asian Paints, Sun Pharma, Tata Motors, and IndusInd Bank leading the list of losers. The broader Nifty50 index dipped 41 points, or 0.36 per cent, to 11,650.
All the Nifty sectoral indices were trading in the red, with Nifty IT, down 1.07 per cent, among the biggest losers.
In the broader market, the S&P BSE MidCap index dipped 65 points, or 0.45 per cent, at 14,378, while the S&P BSE SmallCap index was trading at 13,810, down 110 points, or 0.8 per cent.
The Rupee opened stronger at 69.48/$ vs Wednesday's close of 69.68 against the US dollar.
Benchmark indices opened gap-down in Thursday's session, dragged down by tech stocks that declined on reports that the United States was considering caps on H-1B work visas for nations that force foreign companies to store data locally.
India, which has upset companies such as Mastercard and irked the US government with stringent new rules on data storage, is the largest recipient of these temporary visas, most of them to workers at big Indian technology firms. READ THE FULL ARTICLE HERE
The benchmark S&P BSE Sensex was trading 132 points, or 0.34 per cent lower, at 38,981, with TCS, Asian Paints, Sun Pharma, Tata Motors, and IndusInd Bank leading the list of losers. The broader Nifty50 index dipped 41 points, or 0.36 per cent, to 11,650.
All the Nifty sectoral indices were trading in the red, with Nifty IT, down 1.07 per cent, among the biggest losers.
In the broader market, the S&P BSE MidCap index dipped 65 points, or 0.45 per cent, at 14,378, while the S&P BSE SmallCap index was trading at 13,810, down 110 points, or 0.8 per cent.
The Rupee opened stronger at 69.48/$ vs Wednesday's close of 69.68 against the US dollar.
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