India’s stock market benchmarks are expected to open flat on Monday, following a session marked by profit-booking last week. Investors will closely watch the information technology (IT) sector after the United States announced a significant change to its H-1B visa program.
IT Sector in the Spotlight
The US has imposed a new $100,000 fee for H-1B visa applications. This move directly affects Indian IT companies, which rely heavily on these visas for sending skilled workers to the United States. Investors and analysts are keeping a close eye on how this policy change could impact the revenue and hiring strategies of major Indian IT firms.
Market Outlook
While the broader market may open flat, volatility is expected in IT stocks as traders digest the potential implications of the new US policy. Other sectors may also react to global cues and recent profit-booking. Stay tuned for more updates as the trading day unfolds.
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