Indian equity indices opened Monday’s trading session on a lower note as the US President Donald Trump passed an executive order to raise fees on new H-1B visa applications. The country has increased the fees to $100k from $1500. The NSE Nifty 50 opened 71 points or 0.28% lower at 25,256. The BSE Sensex opened 277 points or 0.34% lower at 82,350.

The Bank Nifty opened 12 points or 0.02% higher at 55,470. However, the small and midcap stocks opened the day lower. The Nifty Midcap fell 142 points or 0.24% to open at 58,952.

“The market is likely to witness a dualistic behaviour today, with the list of IT sector stocks getting impacted by the H1B visa issue and the domestic consumption themes responding to the potential big boost to consumption coming from the lower GST rates

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