IT Shares Plummet as Trump's Visa Measures Bite Indian Tech

Indian IT shares slumped on Monday despite the Sensex rising 445 points to 74,740. Infosys stock fell 1.73% to Rs 1031.95, with its market capitalization dropping to Rs 4.19 lakh crore. This decline marks a 37% drop in 2026 for the company.

TCS shares slipped 1.25% to a low of Rs 2075.50, reducing its market cap to Rs 7.61 lakh crore. The IT stock has fallen by 35% this year.

Other major IT players like Tech Mahindra and Wipro also saw negative sentiment on Monday, with their shares falling 0.39% and 1.59%, respectively.