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Trump strikes Indian IT again! Why tech stocks lost Rs 55,000 crore in a single session

Indian IT stocks lost around Rs 55,000 crore in market value after the US suspended Cognizants PERM labour certification filings, raising fresh concerns over tighter scrutiny of work visas and alleged visa fraud.

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economictimes.indiatimes.com

thehindubusinessline.com

timesofindia.indiatimes.com

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AI · summaries

thehindubusinessline.com2 g fa

IT stocks crash as Coforge, Infy, Tech Mahindra, HCL, TCS slide on H1-B visa fee hike

The Nifty IT index fell nearly 3.6 per cent to 28,779.80 from its previous close of 29,883.45.

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economictimes.indiatimes.com1 g fa

Nifty IT index plunges 3.2%, posts biggest single-day fall in 3 months

Nifty IT index drops 3.2%—biggest fall in 3 months—with Coforge (-5.4%) and Infosys (-3.3%) hit by US rate-hike fears, $100 oil, geopolitical tensions. Rising H-1B visa costs and AI disruption threaten US IT spending, pressuring Indian IT services on margins and hiring.