Indian IT stocks fall on US visa concerns

LTM

22/09/2025 06:59

** India's Nifty IT index .NIFTYIT falls 3% to 35,500.05 points, top sectoral loser

** U.S. President Donald Trump imposed a $100,000 fee on new H-1B visa applications; last year, 71% of approved H-1B beneficiaries were Indians

** All 10 members of the index are down between 0.5% and 4.4%

** Tata Consultancy Services TCS.NS down 2.6%, Infosys INFY.NS falls 2.7%

** HCL Technologies HCLT.NS 2% lower, Wipro WIPR.NS declines 2.4%

** LTIMindtree LTIM.NS falls 3.9%, Tech Mahindra TEML.NS sheds 3.7%, and Mphasis MBFL.NS down 4.4%

** NIFTYIT set for worst day since early-April when Trump's reciprocal tariffs triggered a broad-based global sell-off

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))