IT stocks plummet as Trump increases H-1B visa costs
Published on: Sept. 23, 2025, 6:34 a.m. | Source: The Economic Times
Information technology stocks faced a downturn on Monday, pulling market indices down due to President Trump's decision to increase H-1B visa costs. The Nifty IT index experienced a significant drop, with major companies like Infosys, TCS, and Wipro declining. This move heightened concerns about the sector's growth prospects, already facing uncertainty from AI and a demand slowdown in the US.
