BusinessIndian IT Stocks Rally Despite US Immigration Restrictions
Indian IT stocks surged with the Nifty IT index rising about 3% intraday, driven by strong quarterly results from Tata Consultancy Services (TCS) and others. Despite US suspending several tech firms from the Permanent Labour Certification Programme, investors focused on limited immediate impact and positive earnings outlook. TCS led gains with a 14.9% year-on-year revenue increase for the September quarter.
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