H-1B shock weighs on markets; IPOs drain liquidity
Indian equities fell for a fifth day as H-1B visa fee rules spooked IT heavyweights, outweighing the broader impact of US tariffs. The rupee held steady, likely aided by the RBI. Abroad, doubts over circular AI deals (Nvidia-OpenAI) hit sentiment. At home, a crowded September IPO calendar may sap liquidity, keeping indices range-bound in the near term.