Trump’s $100,000 H-1B Fee Rattles Indian IT Stocks, NSE IT Index Dives 4%

A White House order imposing a $100,000 fee on new H-1B visa petitions shook Indian markets, sending the NSE IT Index down nearly 4% at the open. Major tech firms like Infosys, TCS, and Wipro faced heavy selling as investors feared margin squeezes and lost U.S. contracts. The sell-off eased after clarifications: the fee is one-time, applies only to new applicants, and does not impact current visa holders or renewals. Still, mid-tier exporters face tougher challenges, with higher U.S. costs and delayed hiring. Long term, Indian IT may pivot to offshoring, automation, and alternative visas like L1 and O1. Regional economies built on IT exports also brace for headwinds. Watch our full report on the storm shaking India’s tech backbone.