Sept 25 (Reuters) – India’s equity benchmarks, which have logged four straight sessions of losses, are likely to open little changed on Thursday as concerns over foreign outflows and US visa curbs could keep investors cautious.
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The 50-stock index has lost 1.4% in the last four sessions.
United States announced a $100,000 fee for fresh H-1B visa applications, raising concerns over operating costs for information technology firms, which rely on the U.S. for a large portion of its revenue.
Foreign portfolio investors have sold Indian shares worth 24.26 billion rupees ($273.43 million) on Wednesday, as per provisional data, taking their total selling in September to $1.32 billion.
Other Asian markets were muted, while Wall Street equities fell overnight as investors digested cautious comments from Federal Reserve Chair Jerome Powell on future rate trajectory.
Powell on Tuesday highlighted the need to balance the risk of high inflation and a weaker jobs market, spurring a drop in U.S. markets in the last two sessions.
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($1 = 88.7260 Indian rupees)
Reporting by Vivek Kumar M; Editing by Janane Venkatraman