IT Stocks Drag Indian Markets Amid U.S. Visa Fee Shock

Indian equity markets are under pressure today as the U.S. introduced a $100,000 fee for new H-1B visa applications, spooking the IT sector heavily reliant on skilled labor mobility. Key firms like Infosys, Wipro, and TCS are down around 2%, while the NIFTY IT index dropped ~2.6% intraday. Broader indices Nifty50 and Sensex are also trading lower, influenced by global dollar strength and foreign outflows. The rupee has slipped slightly to ₹88.16/USD. Investor sentiment remains fragile as markets adjust to policy crosswinds.