Image used for illustration function solely. | Photo Credit: Reuters
Shares of Tech Mahindra tumbled 6.45%, LTI Mindtree slumped 5.61percentt, Persistent Systems dropped 5.51%, Hexaware Technologies tanked 5.14% and HCL Tech fell by 4.24% on the BSE.
The inventory of Infosys edged decrease by 3.91%, Wipro declined 3.51% and Tata Consultancy Services dipped 3.36%.
The BSE IT index traded decrease by 2.20% to 35,177.15.
The 30-share BSE Sensex dropped 475.16 factors to 82,151.07 in opening commerce. The 50-share NSE Nifty declined 88.95 factors to 25,238.10.
Later, each the benchmarks recovered most of their early misplaced floor and had been buying and selling marginally decrease.
“The Nifty-50 opened with a gap-down, as aggressive selling in frontline IT stocks — triggered by the steep hike in U.S. H-1B visa fees — sparked profit-taking and caution after a strong three-week rally,” Ponmudi R, CEO of Enrich Money, a web based buying and selling and wealth tech agency, mentioned.
U.S. President Donald Trump on Friday (September 19, 2025) signed a proclamation elevating the price on the visas utilized by corporations to rent employees, together with from India, to dwell and work within the U.S.
The H-1B visa price of $100,000 can be relevant solely to new candidates, a White House official clarified on Saturday (September 20, 2025).
Notably, Indian tech professionals account for bulk of H-1Bs, over 70% plus.
Published – September 22, 2025 11:34 am IST
