The US announced that from April 3 it would temporarily suspend the ‘premium processing’ of H-1B visas that allowed some companies to jump the queue, as part of overall efforts to clear the backlog. Major IT stocks down as US scraps premium process of H1-B visa. Infosys despite the fact that it has been hit by some kind of negative newsflow for the last couple of days. The stock has always recovered and managed to close above Rs 1,015-1,020 zone, which was an important thumb point. The stock is expected to have an upward momentum with bullish view.
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