Giant-Cap IT: How will Trump’s $100,000 H-1B levy affect Indian IT earnings?

Brokerages stated the earnings hit for Indian IT corporations on account of Donald Trump’s $100,000 H-1B levy is more likely to be modest and largely offset by larger offshoring and localisation.

Nomura, Kotak and BofA see the disruption as short-lived and are advising shoppers to build up largecap names on weak point, with Infosys, TCS, HCL Tech and Tech Mahindra amongst their prime picks. Some brokerages additionally see selective alternatives in midcaps equivalent to Coforge and Firstsource.