Indian IT stocks are expected to face a sell-off following President Trump’s increase in H-1B visa costs, potentially impacting profitability and prompting companies to rethink hiring strategies. While larger firms may manage, mid-tier companies heavily reliant on new visas could experience a sharper impact.
Market Wrap: Sensex falls 142 points, Nifty holds 23,900; HDFC Bank shares tumble 3%
Indian stock market closed in the red, with benchmark indices Sensex and Nifty falling up to 0.2% as Iran-US tensions simmered and rupee declined. Broader
May 27, 2026