Indian stock market slumped today despite hopes around the Next Gen GST framework. The Nifty closed at 25,202, down 124 points, while the Sensex slipped 466 points to 82,159. A steep sell-off in technology stocks overshadowed any policy optimism. The trigger came from US President Donald Trump’s order imposing a $100,000 fee on new H-1B visa applications, hitting IT heavyweights like Infosys, TCS, LTIMindtree, and Mphasis. Pharma stocks also dragged indices lower, while only metals showed resilience. Hindustan Copper jumped 5% on a mining lease win, and Netweb Technologies surged 7% on fresh orders, but overall sentiment stayed weak.
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