Stock Market Today | Sensex, Nifty 50 decline 0.5% as H-1B woes afflict IT stocks

Nifty IT stocks slid 0.6%, extending Monday's 3% selloff, amid concerns that the H-1B visa fee hike will upend its outsourcing business model.

India's stock market fell in the first few hours of trading as concerns over the impact of steep H-1B visa fees lingered.

The Bombay Stock Exchange building in Mumbai.(PTI)

At 11:16 am on Tuesday (23 September 2025), the 30-share S&P BSE Sensex was 0.42% lower at 81,811.76 points while the broader 50-share NSE Nifty 50 was down 0.43% at 25,095.50 points.

Fifteen of the 16 major sectors logged losses. The broader small-caps and mid-caps traded 0.5% lower each. The Nifty IT index, composed of IT firms that earn a bulk of their revenue from the US, slid 0.6%, extending Monday's 3% selloff. Indians made up 71% of approved H-1B holders last year.

"There is a bearish tone in the markets after the new H-1B visa fees as the move is likely to disrupt the Indian IT outsourcing model, Hariprasad K., research analyst and founder at Livelong Wealth, told Reuters.

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