Equity Alert
Mkt may open lower; IT cos under pressure on H-1B visa changes
This story was originally published at 08:31 IST on 22 September 2025
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Equity Alert: Mkt may open lower; IT cos under pressure on H-1B visa changes
MUMBAI--0805 IST--Benchmark indices are likely to open lower Monday and may move in a relatively narrow range after already gaining over 3% this month. Information technology stocks are likely to be under pressure after the US imposed a hefty fee for H-1B visa applications. However, analysts expect the downside in the overall market to be limited. The Nifty 50 is likely to move in a range of 25150-25450 points.
IT stocks are likely to open lower due to pressure over the new $100,000 fee on H-1B visas. "IT stocks may witness knee-jerk reaction on Monday and can open gap down with cut of 1-3%," Sunny Agrawal, head of research at SBICAPS Securities, was quoted by the Economic Times as saying. The American Depository Receipts of Infosys and Wipro fell as much as 4% overnight after the new fee was announced.
The new goods and services tax regime announced by Prime Minister Narendra Modi on Independence Day will come into effect from Monday. Trade talks between the US and India will be in focus, with Trade Minister Piyush Goyal scheduled to visit the US later in the day to discuss the proposed bilateral trade agreement. A favourable trade deal for India will be the next big trigger for the market, analysts said.
The September contract of the GIFT Nifty indicates a slower start for the market. At 0803 IST, the contract was at 25334.50 points, 21.50 points lower than its previous close. On Friday, the Nifty 50 had closed at 25327.05 points, down 96.55 points or 0.4%. The BSE Sensex ended at 82626.23 points, down 387.73 points or 0.5%.
Indices in the US had ended with slight gains Friday, with all three indices ending at fresh closing highs. Trading volumes rose to the highest levels since April amid a bull run in the market. Most Asian indices were higher in early trade Monday. (Akash Mandal)
Equity Alert: US indices hit record highs Fri; Apple up as iPhone sales begin
MUMBAI--0743 IST--Equity indices in the US notched record closing highs again on Friday. The S&P 500 and the Nasdaq Composite indices closed higher, gaining for three consecutive weeks, helped by the US Federal Reserve's move to cut lending rates Wednesday. Market participants focused on details of a call between leaders of the US and China, which US President Donald Trump described as "very productive."
The Nasdaq Composite closed over 0.7% higher and shares of Apple rose more than 3?ter the company's latest iPhone went on sale. JP Morgan raised the company's target price to $280 from $255, Reuters reported. The Dow Jones Industrial Average index closed 0.4% higher, marking two consecutive weeks of gains.
Among other gainers, shares of Oklo and Nano Nuclear Energy rose 21-29%. Shares of Paramount Skydance rose nearly 6?ter media reports laid out more details about the company's likely bid for Warner Bros. Discovery. Shares of Warner Bros. Discovery were up more than 3%.
Following are the closing levels of US indices Friday:
|
Index |
Level |
Change in % |
|
S&P 500 |
6664.36 |
0.49 |
|
NASDAQ Composite |
22631.48 |
0.72 |
|
Dow Jones Industrial Average |
46315.27 |
0.37 |
(Eshitva Prakash)
US$1 = INR 88.09
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
End
Edited by Tanima Banerjee
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