I.T Stocks Outlook For The Week: 26.02.2018 to 01.03.2018

I.T Stocks Outlook For The Week: 26.02.2018 to 01.03.2018

             Equity Cash/Futures/Options Segment 

Stocks of information technology companies are likely to rise next week as investors are likely to continue buying these stocks. Stock of Infosys Ltd, Tata Consultancy Systems Ltd, and Wipro Ltd are
expected to be in focus, as the US government begins further tightening of its norms for employees with H-1B visas, which are seen impacting Indian IT companies. With the new norms notified
today by the US Citizenship and Immigration Services, the US immigration agency can take a call to limit the approval period for renewal of work visas. Earlier, the White House had earlier said the administration was in favour of ending the visa lottery system. At present, there is a 7% per-country quota on lottery-based allotment of green cards and permanent residency.

Source : Cogencis Information Services Ltd.

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