IT Stocks Plunge as Trump Admin Revamps H-1B Visa Rules, Investors Jittery

• Indian IT giants like Infosys, TCS, Wipro face selling pressure for the second consecutive day.
• Trump administration's DHS announced changes to the H-1B Visa selection process, causing investor nervousness.
• New system replaces random lottery with weighted selection, prioritizing highly skilled, higher-paid workers.
• Effective February 27, 2026, for FY2027 H-1B cap registration, impacting Indian IT firms' margins.
• Previously, visa fees were increased to $1 lakh, estimated to hit IT companies' margins by 6-7%.

Why It Matters: H-1B visa rule changes and fee hikes by Trump admin cause significant investor concern for Indian IT stocks.