Sensex, Nifty Slip on FII Outflows and H-1B Visa Concerns

Indian equity indices fell on Wednesday, with Sensex dropping 162 points and Nifty 38 points (at the time of posting), pressured by sustained FII selling, US H-1B visa rule worries, rising crude prices, rupee weakness, and cautious Fed signals. IT stocks led the decline as investors reacted to Trump’s tariff hikes and proposed steep visa fee impacting Indian professionals.