Why are Indian IT stocks in focus on Tuesday, and what was the key U.S. legal development affecting them?

Indian IT stocks are in focus on Tuesday because a U.S. federal judge struck down President Donald Trump's $100,000 fee on new H-1B visas for highly skilled foreign workers — a decision that removes a major cost and operational risk for Indian IT companies, which rely heavily on the H-1B program to serve their largest revenue market, the United States. The fee had threatened to increase costs and slow revenue growth, so its invalidation is a significant near-term positive catalyst for the sector.

What were the key drivers behind the flat opening forecast for Indian equities on Tuesday?

Indian equities were set to open flat on Tuesday due to persistent foreign outflows — with foreign investors selling ₹55.56 billion ($580.56 million) worth of Indian shares on Monday, marking their seventh consecutive session of selling and contributing to record equity outflows in India this year — while geopolitical uncertainty eased only partially, as Iran and Israel halted direct strikes but left open the possibility of resuming hostilities, keeping investor sentiment cautious. Additionally, GIFT Nifty futures trading at 23,122.5 indicated the benchmark Nifty 50 would open near Monday’s two-month closing low of 23,123.

Indian equities set to open flat; IT stocks in focus

Jun 8, 2026

Indian equities opened flat amidst foreign outflows and geopolitical tensions, with Brent crude trading near $94 per barrel. Investors noted Grasim's 30.94 billion-rupee Lyocell capacity expansion and NLC India's mining stake sale.

reuters

2026-06-08

Indian equities set to open flat; IT stocks in focus

Indian equities set to open flat; IT stocks in focus

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