US Immigration Curbs Trigger Sharp Selloff in Indian IT Stocks

Indian information technology stocks tumbled following announcements that the United States has suspended several major companies from participation in immigration programmes critical to the sector. American Depositary Receipts of Infosys and Wipro, both listed on US exchanges, experienced significant declines as investors reacted to potential constraints on hiring and talent mobility.

The selloff extended beyond Indian IT companies to the broader US technology sector. Intel and Marvell Technology shares each dropped more than 4%, reflecting wider concerns about the impact of immigration restrictions on technology firms. The Nasdaq composite index fell 0.47% to 27,409.78 during the trading session.

The US suspension programme directly affects Indian IT services firms, which have traditionally relied on temporary worker visas to staff projects in the United States. Any constraints on visa allocations could impact both operational capacity and revenue projections for major Indian technology exporters that derive substantial portions of their earnings from North American clients.

Market participants assessed the implications for the broader technology sector, as immigration restrictions could affect multiple companies dependent on specialized talent acquisition. Analysts suggested the decline reflected investor concern about supply chain disruptions and hiring challenges across the industry.