Indian shares fell on Monday, with IT stocks pacing the declines after the Trump administration announced sweeping changes to the H-1B visa regime, including a steep $100,000 fee for new applications.
It is feared that the steep hike in H-1B visa fees will raise offshore deployment costs and could squeeze profit margins on existing contracts, particularly in cost-sensitive areas like application development and consulting.
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Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.