More Bumps Ahead For Indian IT Stocks After H-1B Visa Fee Hike

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:

Good morning, this is Ashutosh Joshi, an equities reporter in Mumbai. India’s stock market looks set to for a cautious start to the week after notching up a third straight weekly gain on Friday. All eyes are on software exporters, with jitters swirling around President Donald Trump’s shock on H-1B visas that could risk disrupting Indian tech firms’ US projects. On the flip side, there’s a silver lining to kick off Monday — the new goods and services tax rates go live today. They’re expected to shape near-term earnings and set the stage for how different sectors will play out in the days ahead.