Indian IT stocks decline, US judge upholds Trump administration's $100,000 H-1B application fee.
Most Indian information technology stocks fell, after a US court upheld the Trump administration's plan to impose a $10,000 fee on new H-1B visa applications. This ruling affects Indian IT companies seeking H-1B employees. Major software exporter Infosys briefly fell by 0.9%, industry leader Tata Consultancy fell by 0.4%. Coforge was one of the worst-performing stocks in the Nifty IT index, falling by 1.8%; Wipro fell by 1.1%.
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