Indian technology stocks lost about Rs 55,000 crore of market value in a single session. The trigger was Washington suspending Cognizant’s permanent labour certification filings, part of a wider campaign against alleged visa fraud. Infosys fell more than 3 per cent, with Tech Mahindra, HCL Technologies, Persistent Systems, TCS, Wipro and others close behind.<\/p>\n
The worry is familiar by now. Indian IT earns over half its revenue from America and has long moved engineers there on work visas. Every new restriction, from the hundred thousand dollar H-1B fee to talk of taxing outsourcing payments, raises the cost of doing business and squeezes margins.<\/p>\n
Companies are adapting, though slowly. More work now happens offshore, hiring is shifting to local staff and nearby countries, and capability centres in India keep growing. So if you own IT funds or stocks, expect more headline shocks, keep exposure limited to a tenth of your portfolio, and hold patiently.<\/p>\n","protected":false},"excerpt":{"rendered":"
Indian technology stocks lost about Rs 55,000 crore of market value in a single session. The trigger was Washington suspending Cognizant’s permanent labour certification filings, part of a wider campaign against alleged visa fraud. Infosys fell more than 3 per cent, with Tech Mahindra, HCL Technologies, Persistent Systems, TCS, Wipro and others close behind. The… Read More »Why did one American decision wipe out fifty five thousand crore from Indian IT<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[87],"tags":[],"class_list":["post-4971","post","type-post","status-publish","format-standard","hentry","category-stocks"],"_links":{"self":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/4971","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/comments?post=4971"}],"version-history":[{"count":1,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/4971\/revisions"}],"predecessor-version":[{"id":4972,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/4971\/revisions\/4972"}],"wp:attachment":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/media?parent=4971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/categories?post=4971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/tags?post=4971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}