Sensex falls; IT outsourcing hit by U.S. visas

[bart95]

how many times on a cnbc article in the usa have you heard them say that h-1b visas are an alternative to outsourcing?

cnbc india says the EXACT OPPOSITE!!!!!!

http://www.moneycontrol.com/news/wire-news/sensex-falls-it-outsourcing-hit-by-us-visas_686670.html

MUMBAI (Reuters) - The BSE Sensex provisionally fell 0.2 percent on Thursday, with technology stocks leading the losses after local media reported the United States had raised the cost of processing H-1B employment visas, which was seen as hitting the industry.

Technology outsourcing stocks such as Infosys and Tata Consultancy Services led decliners.