Concerns Over H1B Visa Fees Lead to IT Stock Declines

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In New Delhi, IT stocks experienced a decline on Monday, with Infobeans Technologies dropping by 8 percent and Hexaware falling by 7 percent, due to worries regarding the significant increase in US H1B visa fees. Specifically, shares of Infobeans Technologies decreased by 8.08 percent, Hexaware Technologies fell by 7.08 percent, LTI Mindtree plummeted by 4.54 percent, Persistent Systems declined by 4.19 percent, and Tech Mahindra saw a reduction of 3.20 percent on the BSE.