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Moneycontrol reports that H-1B approvals for India’s top six IT firms fell about 40% in FY26, dropping from 18,469 as of March 31, 2025 to 11,041 a year later. TCS saw a 53% decline, Wipro 62%, and Tech Mahindra 59%, while Infosys was the only exception. The article cites US policy changes, including a $100,000 visa fee and tighter immigration rules.
Indian equities consolidated after a gap-up on Monday. By 12:30 pm, BSE Sensex was up 839.55 points (+1.11%) at 76,254.90, and NSE Nifty 50 gained 234.95 points (+0.99%) to 23,954.25, after briefly testing 24,000. Eicher Motors led Nifty gains; Max Healthcare led decliners. SBI Securities cited Nifty support at 23,850–23,870 and resistance at 24,100–24,120.
US immigration data cited by Mint shows H-1B registrations for fiscal 2027 fell 38.5% year-on-year, and approvals for India’s six largest IT services firms dropped to 11,041 as of March 31, 2026 from 18,469 a year earlier. Infosys was the only gainer (3,195 approvals); TCS fell to 2,885. The shift may affect US onsite staffing and margins.
