Infosys, Wipro & other IT firms' shares drop up to 4.5% on Trump's $100,000 H-1B visa fees
Shares of major IT firms like Infosys, Cognizant and Accenture saw sizeable dips as US President Donald Trump announced a $100,000 fee for H-1B visas. Infosys shares fell as much as 4.5% while Cognizant's shares dipped 4.3% and Accenture and Wipro's stocks slipped 1.3% and 3.4% respectively. This is because the fee is expected to hit IT firms the hardest.