Market IT stocks trade under pressure as US temporarily suspends H1-B visas Updated : June 23, 2020 11:34 AM IST The proclamation comes into effect on June 24 and will expire on December 31. The Nifty IT index was the only trade in the red. The index fell more than half a percent as against half percent gain in the benchmark Nifty50. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.