IT stocks continue to reel under pressure for 4th day on H-1B visa fee concerns

IT stocks continued to slide for the fourth day in a row on Thursday as the staggering hike in US H-1B visa fees continues to hurt investor sentiment.

The stock of Infobeans Technologies dropped 2.64 per cent, Tata Consultancy Services declined 2.50 per cent, Hexaware Technologies lost 1.91 per cent, HCL Technologies dipped 1.31 per cent, Wipro fell by 1.06 per cent, Infosys (0.64 per cent) and Tech Mahindra (0.61 per cent).

The BSE IT index declined by 1.10 per cent to end at 34,149.55.