Stock Market Recap: Sensex Ends 466 Points Lower; Nifty Slips Below 25,250;

TCS

,

INFY

Drop 3% Each

Indian benchmark indices Sensex and Nifty declined for the second straight session on Monday, with IT counters leading the downturn after the U.S. government sharply raised the one-time H-1B visa fee to $100,000, delivering a fresh setback to a sector that was only beginning to regain stability. Key Market Moves The S&P BSE Sensex lost 466.26 points (0.56%) to settle at 82,323.62, while the NSE Nifty 50 slipped 124.70 points (0.49%) to close at 25,202.35. The losses followed profit-booking in the prior session, but the visa fee hike amplified selling pressure, particularly in IT. Sectoral Performance IT stocks dropped 3.6% after the steep increase in H-1B application charges, a move seen as jeopardizing the industry’s traditional model of rotating skilled staff into the U.S.

, , , and Wipro declined between 2.2% and 3.1%, emerging as the biggest drags on the Nifty 50. Pharma shares, another segment with notable U.S. exposure, slipped 1.4%. Broader markets weakened, with the small-cap index down 1.2% and the mid-cap index lower by 0.7%. Update Adani Power shares corrected to ₹147 on Monday after trading ex-split, following a 1:5 stock subdivision. The decline is purely technical, as the overall shareholder value remains unchanged. The company recently reported a consolidated June-quarter profit of ₹8,759 crore, and Morgan Stanley has initiated coverage with an ‘Overweight’ rating, projecting the firm’s generation portfolio to reach 41.9 GW by FY32 Investment in securities market are subject to market risks. Read all the related documents carefully before investing.