IT index pares morning gains to trade flat post US relaxation on H-1B visa rules
Updated : August 13, 2020 02:04 PM IST
The Nifty IT index surged below half a percent on Thursday, reacting positively to the Trump administration allowing H-1B visa holders to enter the United States with conditions.
The index traded 0.26 percent higher in the afternoon session with all stocks trading in the green except Infosys and L&T Infotech.
As per the various media reports, if H-1B visa holders are returning to the same jobs they had prior to the proclamation of the visa ban, then they will allowed in the country.