NIFTYIT Plummets 3% on Trump H‑1B Fee Impact

  Published 6 months ago

NIFTYIT drops 3% to 35,500, and all ten IT stocks slide amid the Trump H‑1B fee impact.

  • President Trump’s $100,000 H‑1B fee targets Indians, sparking concerns for India’s tech export sector overall.
  • NIFTYIT records its worst session since early April, echoing the global sell‑off triggered by reciprocal tariffs last.
  • LTIMindtree falls 3.9%, Tech Mahindra 3.7%, Mphasis 4.4%, leading the sector’s decline among top draggers.

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