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00:00That's right. I think, you know, it's a good morning here and we are at the JPMorgan India conference. And what we are seeing is basically the kind of, you know, the views which is coming in over the weekend, including the Prime Minister talking about how to go about, you know, buying Indian stuff.
00:23And that's something which is also the mood here as well. You know, if you look at the markets, how we ended on Friday, it was, you know, it was a muted close for the market despite the fact that in September we have risen by nearly 3.7% already.
00:42And so there was some kind of selling of unprofit booking that happened as the Nifty moved beyond 25,400. And finally, the Nifty closing below 25,400. So it's turning out to be a strong resistance coming in at 25,400 and 25,500 for the Nifty as we speak there.
01:02We had foreign investors who were net buyers marginally to 390 odd crores and DIs continue to be buyers of 2000 odd crores, which is, which was the thing there.
01:13If you look at the setup for today, it's coming, it's a mixed setup. You have the GSC 2.0, which is coming into play, where you have the consumption teams, which will be active.
01:25And we've seen ground reports on our channel as well, where how shops and, you know, and retailers are gearing up to, you know, to provide those goods at a lower GSC rate.
01:39And there have been many deferrals which have happened with respect to buying, purchase of goods. And that is expected to begin today because today also marks the beginning of Navaratra.
01:49And that is seen auspicious to buy stuff in India. So that's something which is going to be there. Over the weekend, the only negative thing that has come in is the H-1B visa hike.
02:03There has been clarification which have come in, but for any new H-1B visa, you know, Indian companies will have to shell out $100,000 along with a new application.
02:13And given the kind of application that came in 2025, top 10 companies had nearly 15,000 visa approvals which came in.
02:26And that, if the same rate continues in the next year, which is in the February 2026 lottery, then, you know, you're looking at some of the Indian companies shelling out almost $1.5 billion in just visa costs which is coming in.
02:38So there will be going to be a rationalization of visa which will happen. There will be a vision model changes.
02:44There will be on-shoring and near-shoring which will happen, which will reduce costs for many of the IT companies.
02:50And that's something which will be watched out very keenly.
02:54Yes, Sathit, lots of factors to watch out for very keenly.
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