IT stocks snap 3-day losing streak; Infosys up nearly 3%

IT stocks recovered today, up 1.6% after falling as much as 4.1% in the previous two sessions

IT stocks recovered in today’s trade, up 1.6% after falling as much as 4.1% in the previous two sessions on visa concerns.
 
Donald Trump government on Jan 31,2017, introduced a bill in the US Congress that attempts to reform the H1-B visa process. The bill proposes to more than double the minimum wage for visa holders from $60,000 to $130,000.
 
Paring losses of the last two sessions, shares of Infosys advanced 2.6% to Rs 940 on BSE. The stock has tanked 3.4% since the announcement.
 
While TCS, Tech Mahindra and HCL Tech also gained 0.3%, 2.7% and