Trump stumps Indian software!
$100,000 H-1B Visa Fee: A Potential Headwind
The White House is reportedly considering a steep $100,000 annual fee on H-1B visas, a move that could significantly impact Indian IT companies, given their heavy reliance on U.S. markets and onsite delivery models. While the fine print of the policy is awaited, early assessments suggest material risks to profitability across the sector.
Daily Morning Report Date: 01.10.2025
NIFTY OUTLOOK: 24611.10 FII -2327.09 cr DII 5761.63 cr
As discussed yesterday, market behaviour remained on expected lines. Nifty faced resistance at 24725 (made a high of 24731.80) and from there slipped to an intraday low of 24587.7, close to our support of 24591.
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