Indian IT stocks surge 3% despite US visa concerns

India's IT sector demonstrated resilience on Wednesday as investors brushed aside concerns about possible restrictions on US employment-based green cards, sending the Nifty IT index to a strong gain of 3.13 per cent intraday to 28,604 points.

All ten index constituents traded in positive territory during the session, signalling broad-based optimism across the sector. The rally suggests investors may be discounting fears of potential policy changes affecting visa availability for Indian technology professionals seeking to work in the United States.

The IT services industry, a major revenue earner for India with substantial US-based operations, has long faced scrutiny over its reliance on employment visa programmes. Despite periodic concerns about administrative changes affecting visa accessibility, India's technology firms have historically demonstrated the ability to adapt their business models and workforce strategies.

The sector's performance on Wednesday reflected confidence that fundamentals remain intact, even as geopolitical and regulatory uncertainties persist. Analysts will be closely watching how policy developments unfold in coming weeks and their potential impact on India's IT export ecosystem.