24 Dec 2025, Wed

Stock market declines, both Sensex and Nifty rolled; IT Stocks battered due to increase in HB-1 visa fees

Share Market Updates: Today, the benchmark index of the stock market opened with a decline on the first trading day of the week today. By 9.26 am, the Sensex was seen trading at 82,772 with a decline of 189 points or 0.23 percent at 82,772 and the Nifty was trading at 25,286 with a decline of 40 points or 0.16 %. At the beginning of the trading this morning, the Sensex and Nifty were opened with a decline of 0.40 percent and 0.33 percent respectively, but the decline was reduced later.

Shares of these IT companies dropped

Here, US President Donald Trump’s increase in HB-1 visa fees led to a huge decline in IT shares in early trade today. Shares of veteran IT companies like Tata Consultancy Services (TCS), Infosys, Wipro, HCL Technologies, Tech Mahindra and Koforge fell into the morning business. However, this decision of the US government has also given some relief to IT companies that this fee will be applicable only to new applicants and existing visa holders will not have to pay this fee. That is, those who are already HB-1 visa holder and are currently out of America, they will not have to pay $ 100,000 to return to America.

The White House has also said that not on the H-1B visa, but will have to be given only once on the new application. That is, it is a one -time fee applied to new petitions. The new order will be applicable to new applications only by lottery bicycle (March-April 2026). Visa renuel or existing holders will not have to pay this fee.

The condition of these sectors is also disturbed

Here, during trading, the broadcap index Nifty Midcap 100 fell by 0.05 percent and Nifty Smallcap 100 fell by 0.12 %. Tech Mahindra, TCS, Tata Motors, Apollo Hospitals and Dr Reddy’s Labs shared shares. Talking about the sectoral index, the most decline was 2.68 percent in Nifty IT. After this, Nifty Pharma (decline of 0.45 percent) and Nifty Healthcare (decline of 0.33 percent) also put pressure on the index. All other sectoral index were trading with a slight lead.

Global market boom

The Asian markets gained momentum after a two -hour conversation between Trump and Chinese President Xi Jinping before the APEC Summit. In addition, Nikkei, Japan recorded a 1.4 percent lead in Nikkei, Japan after the Bank of Japan announced a plan to reduce its ETF holdings, while South Korea’s Kospi led to a 0.9 percent jump. On the other hand, the stock market on Wall Street closed on Friday, due to further deduction in interest rates by the Federal Reserve by the end of the year. S&P 500 recorded 0.49 percent and 0.72 percent in Nasdaq.

Also read:

Ax killed on its feet in America by increasing the fees of H-1B visa, India will benefit

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