Infosys shares opened sharply lower at ₹1,482.70 on Monday, down 3.7% from the previous close, after U.S. President Donald Trump announced a $100,000 H-1B visa fee. The development sparked weakness across Indian IT counters on concerns of higher employee costs in the U.S. market.
Infosys, which filed 4,926 labour condition applications with an average salary of $103,102, remains among the largest sponsors of H-1B visas, making it more exposed to the potential cost escalation. With the U.S. contributing the bulk of revenues for top-tier Indian IT firms, investors turned cautious, dragging sector heavyweights including TCS, Wipro, and LTI Mindtree into focus.
Mid-tier IT companies like Coforge, Persistent, Mphasis, and Sasken, however, indicated that they expect limited impact due to their lower visa filings and offshore-centric business models.
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