Trump’s administration has made H1B visa approval a tad bit tougher. This is likely to have some kind of impact on IT stocks. In an interview with CNBC-TV18, Sandip Agarwal of Edelweiss Financial Services and Apurva Prasad of HDFC Securities discussed what is going on in the IT index and will it materially impact IT companies.
"I think there is no impact because about 2-3 percent people in my view goes through this, this is just another rhetoric," Agarwal said.
"Firstly, I think it will be a relatively small number. Secondly, the dependence on H1B is also reducing, I don’t think it is something which should be a concern, " said Prasad.