IT Stocks Add ₹70,000 Crore as TCS Results Outweigh US Visa Concerns
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Indian IT shares added ₹70,000 crore in market value despite US labour-certification restrictions. TCS earnings and easing oil prices helped mitigate concerns, while the Nifty IT index surged over 4%.
Indian IT shares added ₹70,000 crore in market value despite US labour-certification restrictions. TCS earnings and easing oil prices helped mitigate concerns, while the Nifty IT index surged over 4%.
Vocabulary
mitigate▾
कम करना / make something less severe
- Strong earnings can mitigate investor concerns.
- Lower costs help mitigate business pressure.
- Training can mitigate workplace risks.
- Good communication can mitigate uncertainty.
#IT stocks#TCS#Nifty IT#PERM#Stock market#Market capitalisation
Source:The Economic Times
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