- Infosys and Wipro ADRs fell nearly 3% in US trading
- Investors weighed TCS's quarterly results and fresh US immigration restrictions
- Concerns over tech spending, AI disruption and tighter immigration added pressure
Shares of Infosys and Wipro fell nearly 3% in US trading, as their American depositary receipts came under pressure from investors. The sell-off followed TCS’s quarterly results.
Investors also reacted to fresh US immigration restrictions, including a crackdown on a green card programme linked to the H-1B visa. Concerns over technology spending and AI disruption added to the pressure on Indian IT stocks.
Tighter employment-based immigration rules weighed on the sector. The combined worries pushed the ADRs lower.
