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IT stocks fell for the second day in a row on Tuesday (September 23, 2025), amid concerns over the steep hike in U.S. H-1B visa fees.
Hexaware Technologies tumbled 5.04%, Mphasis declined 2.58%, Mastek Ltd lost 2.40%, Tech Mahindra fell by 2.07%, HCL Tech dipped 0.74%, Tata Consultancy Services (0.38%), Wipro (0.26%) and Infosys (0.16%) on the BSE.
The BSE IT index declined 0.63%to 34,769.38.
“FMCG, IT, and realty lagged, with IT feeling the impact of worries about rising US visa fees (H-1B) and their possible effect on earnings,” Ajit Mishra, SVP – Research at Religare Broking Ltd, said.
IT stocks also dropped on Monday (September 22, 2025).
Last week, the Trump administration announced a one-time $100,000 fee on H-1B visas.
All new H-1B visa petitions submitted after September 21, including those for the FY2026 lottery, will require payment of USD 100,000.
Notably, Indian tech professionals account for the bulk of H-1Bs— over 70%.
Published – September 23, 2025 10:49 pm IST
