By Martin Shwenk Leade
Copyright indiatimes
AgenciesThe Trump administration’s decision to increase the visa cost has added to concerns over the growth prospects of the sector in the wake of the uncertainty over the impact of AI on the domestic industry and demand slowdown in the US.
Information technology stocks took a beating on Monday, dragging the broader market indices lower, after US President Donald Trump’s move to raise the one-time cost of H-1B visas soured sentiment. The Nifty IT index tumbled nearly 3% against the 0.5% decline in the Nifty. Out of the 10 stocks in the index, nine fell, while one — Oracle Financial Services — dodged the weak trend. Infosys, Tata Consultancy Services and Wipro declined between 2% and 3%, while shares of smaller companies in the sector saw deeper cuts. AgenciesThe Trump administration’s decision to increase the visa cost has added to concerns over the growth prospects of the sector in the wake of the uncertainty over the impact of AI on the domestic industry and demand slowdown in the US.Add as a Reliable and Trusted News Source Add Now!
(You can now subscribe to our ETMarkets WhatsApp channel)
Read More News onIT stocks declinetata consultancy servicesoracle financial servicesNifty IT index dropInfosys stock performanceTata Consultancy ServicesWipro stock declineinfosyswipro
(What’s moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price…moreless
(You can now subscribe to our ETMarkets WhatsApp channel)Read More News onIT stocks declinetata consultancy servicesoracle financial servicesNifty IT index dropInfosys stock performanceTata Consultancy ServicesWipro stock declineinfosyswipro(What’s moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price…moreless
Prime ExclusivesInvestment IdeasStock Report PlusePaperWealth Edition123View all Stories
