Nifty IT index advances 3 per cent amid fresh US visa restrictions
- The Nifty IT index rose about 3 per cent intraday on Friday, with all ten constituents gaining.
- TCS led the move after beating estimates, with revenue up 11.2 per cent in rupee terms.
- Investors pointed to reduced reliance on H-1B hiring and the weaker rupee as reasons to look past US restrictions.
- Mphasis, Coforge, LTIMindtree and Persistent Systems also advanced.
Source: firstpost.com
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