TCS, Wipro, HCL Tech Shares Fall Over Trump Administration's Policy Fears

Shares of Indian outsourcers struggled today amid concern over the Trump administration's clampdown on immigration.  The US is the key export market for Indian IT sector, accounting for around 60 per cent of revenues.  The BSE IT index was down 0.41 per cent in noon trade as compared to an overall flat Mumbai market. Wipro, HCL Tech and TCS were down over 1 per cent. US President Donald Trump last week ordered a temporary ban on trav...