Indian IT stocks slide amid US visa crackdown
ReutersSep 22, 2025 3:48 AM
Sept 22 (Reuters) - Indian information technology stocks .NIFTYIT fell 3.6% on Monday after U.S. President Donald Trump imposed a $100,000 fee on new H-1B visa applications, threatening the sector's long-standing model of rotating skilled workers into the U.S.
The index was the top sectoral loser, dragging the benchmark Nifty 50 .NSEI 0.3% lower.
All 10 stocks on the index traded lower, with losses led by Tech Mahindra's TEML.NS 5.8% slump.
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