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Domestic Markets Brace for Volatility Amid US Policy Swings and IT Sector Concerns
Domestic Markets Brace for Volatility Amid US Policy Swings and IT Sector Concerns
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BTCCSquare news:
Indian markets face turbulence as conflicting signals from the US overshadow positive global cues. While Gift Nifty at 24,916 suggests a strong opening, the proposed HIRE Act threatens to upend India's IT services advantage with a 25% tax on outsourcing payments.
The legislation, spearheaded by Senator Bernie Moreno, could erode the cost arbitrage that has fueled India's tech sector growth. Market sentiment remains delicately balanced between diplomatic progress and protectionist headwinds.
Concurrently, GST 2.0 reforms loom as a potential counterbalance to external pressures. Traders await clarity on both fronts, with volatility expected to persist until policy trajectories become clearer.
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