Information technology stocks are trading higher today,although gains recorded by most of these stocks are just modest as investors are largely treading cautiously in this space, looking ahead to US President Donald Trump's executive order on H1B Visas.

It is widely felt that Trump will sign an order that would make it order for technology companies to recruit low-wage workers from foreign countries and undercut Americans looking for employment. The Department of Homeland Security is likely to be directed to ensure that visas only land in the hands of highly paid, specially skilled applicants, and not foreign workers who might be paid less than their U.S. counterparts.

Among key stocks in the IT space, Tata Consultancy Services, Tech Mahindra and Wipro are up marginally. HCL Technologies is gaining nearly 1%, MindTree is adding 1.2%, Tata Elxsi is up 1.7% and Oracle Financial Services is rising nearly 2%, while Infosys is down marginally. KPIT Technologies is trading 0.4% up.