Trump's Green Card Crackdown Hits TCS, Infosys, Wipro & Microsoft | Stock Markets Unfazed

The Trump administration has launched a major crackdown on employment-based green card sponsorship, suspending access to the PERM programme for eight technology companies, including Microsoft, TCS, Infosys, Wipro and HCLTech. US Vice President JD Vance's controversial remarks about foreign IT professionals have sparked a strong response from India's Ministry of External Affairs. Microsoft and TCS have pushed back against the administration's allegations, while NASSCOM maintains that Indian IT companies are increasingly reducing their dependence on US visa programmes. Despite the crackdown, Indian IT stocks rallied, with TCS, Infosys and Wipro posting gains. Is the market signalling that the impact will be limited? The restrictions come amid stalled India-US trade negotiations, tariff threats and growing economic tensions between Washington and New Delhi.