Live Market Updates: Nifty holds 8550 amid volatility; Trump impact again drags IT
Wed Feb 01 2017
Ramesh Sridharan (876 articles)

Live Market Updates: Nifty holds 8550 amid volatility; Trump impact again drags IT

 

The Sensex is up 29.98 points or 0.1 percent at 27685.94 On Budget day. The Nifty is up 9.75 points or 0.1 percent at 8571.05. About 918 shares have advanced, 519 shares declined, and 139 shares are unchanged.

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Nifty holds 8550 amid volatility; Trump impact again drags IT

The Sensex is up 29.98 points or 0.1 percent at 27685.94 On Budget day. The Nifty is up 9.75 points or 0.1 percent at 8571.05. About 918 shares have advanced, 519 shares declined, and 139 shares are unchanged.

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Moneycontrol Bureau The Sensex is up 29.98 points or 0.1 percent at 27685.94 On Budget day. The Nifty is up 9.75 points or 0.1 percent at 8571.05. About 918 shares have advanced, 519 shares declined, and 139 shares are unchanged.

IT stocks continued to fall after yesterday’s slump as minimum salary of H-1B visa holders is proposed to be more than double. A legislation has been introduced in the US House of Representatives which among other things calls for more than doubling the minimum salary of H-1B visa holders to USD 130,000, making it difficult for firms to use the programme to replace American employees with foreign workers, including from India.Posted by Nasrin Sultana

 

Ramesh Sridharan

Ramesh Sridharan

Ramesh Sridharan is our Stock Market Correspondent covering events and daily movements of stock markets in Asia. He is based in Mumbai

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