Indian shares fall on Donald Trump’s visa comments, soaring crude

  |   India News

Indian shares fell on Monday, heading for their first drop in three sessions, as information technology stocks were hit by tough talk on visas by U.S. president-elect Donald Trump, while oil retailers declined after crude prices surged to their highest since mid-2015.

Sentiment was also dampened after industrial output unexpectedly fell in October by 1.9 percent, driven down by a contraction in manufacturing and mining sectors, according to data released late on Friday.

IT firms were among the leading decliners, with the Nifty IT index shedding as much as 1.51 percent, after Trump on Friday pledged to stop companies from abusing the visa process for foreign workers.

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