Nifty IT Rises Over 3% Despite US Green-Card Suspension
Nifty IT index rallied over 3% led by TCS, Infosys, Wipro, and HCLTech, despite the US suspending eight firms from its green-card program. TCS shares surged following strong quarterly results and AI-driven revenue growth, boosting overall Indian IT stocks by around Rs 70,000 crore in one day. The market ignored concerns over the US PERM suspension.
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