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IT stocks sink 2-4% after US immigration reform re-introduced

Technology stocks battered on Friday with the Nifty IT index falling nearly 3 percent after the immigration reform re-introduced in the US House of Representatives by Congressmen. Stocks fell for the second consecutive session.
Wipro & MindTree's earnings under strain: HDFC Securities

No significant upside is seen in Wipro‘s earnings, said Apurva Prasad, Research analyst â€“ IT at HDFC Securities who has scaled down earnings estimate by 2-3 percent for the company.

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Apurva Prasad

IT stocks sink 2-4% after US immigration reform re-introduced

Wipro & MindTree's earnings under strain: HDFC Securities