Stock Market LIVE: GIFT Nifty Suggests Tepid Open; GRSE, IT Stocks, Shipping Corp, NBCC Share Prices In Focus
The GIFT Nifty was trading 0.05% or 14 points higher at 25,369.50 as of 6:31 a.m. Catch live updates on Indian stock markets here on Sept 22.
Stock Market LIVE: H-1B Visa Fee Hike Impact: Brokerages Predict 2-4% Earnings Hit For Indian IT Firms
Indian technology companies will likely see their operating expenses rise in the medium term after US President Donald Trump issued a proclamation to hike the visa fee of H-1B visas. Indian IT companies will also increase offshoring and local hirings as well, analysts and brokerages said.
Assuming one-third of H-1B employees are replaced with local hires, the impact on EBIT margin is likely to be 20–50 basis points and 2–4% on earnings per share, Dam Capital said.
H-1B Visa Fee Hike: No Cause For Concern? Indian IT Firms See 'No Material Impact'; Reduced Visa Reliance Key
Indian IT companies have moved quickly to reassure investors that there will be no material impact of Donald Trump's recently announced $100,000 fee for H-1B visa applications.
Several IT companies have confirmed to the exchanges that the steep increase will have no material or significant impact, with many highlighting reduced reliance on the visa programme and increased local hiring.
Pidilite Industries, Time Technoplast Bonus Issues: Last Day To Buy Shares To Qualify — Check Details
Pidilite Industries Ltd. and Time Technoplast Ltd. will be on the market radar on Monday as it marks the last session for investors to buy shares to qualify for the bonus issue of shares ahead of the record date.
Gold Price Rises On Festive Demand — Check Rates In Delhi, Chennai, Other Cities
Gold prices are rebounding to levels above the Rs 1,10,000 mark driven by festive demand, geopolitical uncertainties and safe-haven demand.
In India, the prices were at Rs 1,10,430 per 10 gm on Monday, according to the India Bullion Association. The price was Rs 1,09,530 on Friday.
Gold prices had slipped further last week after the US Federal Reserve meeting. The commodity had hit a fresh record high of $3,707.57 on Wednesday ahead of the meet.
Asia Markets LIVE: Nikkei 225, KOSPI Continue To Gain; CSI 300 Rises As China Holds Rate Steady
Markets in China advanced after the People's Bank of China held rate steady. The CSI 300 was trading flat at 4,500 as of 7:10 a.m.
Japan's benchmark index Nikkei 225 and South Korea's stock gauge KOSPI continued to gain. The indices were trading 1.35% and 0.72% higher, respectively as of 7:11 a.m.
