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IT pack drags mkt, loses ₹83K cr in m-cap over H-1B visa fee concerns
The New Indian Express
|September 23, 2025
SHARES of Indian IT firms fell sharply on Monday with the Nifty IT index losing about ₹83,000 crore in market capitalisation after the latest H-1B visa policy changes by US President Donald Trump rattled sentiment.
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The sell-off in the IT pack also dragged the broader market with the benchmark Sensex falling 466.26 points or 0.56% to settle at 82,159.97, and the Nifty slipping 124.70 points or 0.49% to 25,202.35.
Shares of small-cap and midcap IT stocks such as Infobeans Technologies and Hexaware Technologies tumbled 7-8% while Mphasis, LTIMindtree, Coforge, and Persistent closed 4-5% lower. Heavyweights such as TCS, Infosys, Wipro and HCL Tech fell 2-3% on Monday.
This story is from the September 23, 2025 edition of The New Indian Express.
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