22 Sep 2025 | 3 Mins Read
H-1B visa uncertainty hits IT shares
Flipitmoney
Indian IT stocks fell 2-5%, taking Nifty IT index down 3%, with top losers including Tech Mahindra, Wipro, Infosys, HCLTech and TCS, as investors await clarity on the impact of new $100,000 H-1B visa fee. JPMorgan warns of 2-6% EPS impact on Indian IT companies with no change in labor supply. Nifty IT index is down 18% this year.