Archive · 9 Oct 2026
Indian IT Stocks Rally Despite US H-1B Visa Suspension
Shares of five large Indian IT companies went up.
TCS had the biggest gain and added the most value to its market capitalization.
The companies gained about Rs 56,000 crore in total.
This happened even though the United States suspended H-1B visa processing.
NASSCOM and TCS said the effect, if any, would be limited.
Analysts said companies may find growth through artificial intelligence and by winning more work from existing customers.
They also noted that some customers are holding back on optional projects.
Price pressure and the path of profit margins remain concerns.
TCS shares rose 4.73% to Rs 2,173.55, adding Rs 31,857.26 crore to its market capitalization.
Infosys gained 2.23%, while HCL Technologies, Wipro and Tech Mahindra also rose.
The five companies together added about Rs 56,000 crore in market value.
Investors largely looked past the US suspension of H-1B visa processing after NASSCOM and TCS said any impact would be limited.
Brokerages pointed to AI opportunities, vendor consolidation and large deals, while citing weak discretionary demand and pricing pressure as headwinds.
- Who
- TCS, Infosys, HCL Technologies, Wipro and Tech Mahindra, alongside comments from NASSCOM and brokerages.
- What
- The five IT stocks rose and added about Rs 56,000 crore in market capitalization.
- When
- The article does not specify a date.
- Where
- Indian stock markets; the US H-1B visa processing suspension was also discussed.
- Why
- Investors largely shrugged off the visa suspension after NASSCOM and TCS said its impact, if any, would be limited.
Limited near-term concern
Ongoing business headwinds
H-1B visa suspension
Limited near-term concern
Investors largely shrugged off the US suspension after NASSCOM and TCS said any impact would be limited.
Ongoing business headwinds
The article reports the suspension but gives no opposing assessment of its likely impact.
Growth and profitability outlook
Limited near-term concern
Brokerages cited AI monetisation, vendor consolidation, healthy contract value and market-share gains as support for growth.
Ongoing business headwinds
They also noted challenging demand, scrutiny of discretionary projects, deflationary pricing pressure and uncertainty around margin trends.
- Combined market-cap gain
- About Rs 56,000 crore across the five IT stocks
- TCS share move
- Up 4.73% to Rs 2,173.55
- TCS market-cap addition
- Rs 31,857.26 crore
- TCS market capitalization
- Rs 7,82,700 crore
- Infosys share move
- Up 2.23% to Rs 1,016.80; market capitalization increased by Rs 10,206 crore
- Other share moves
- HCL Technologies up 2.7%; Wipro up 2.65%; Tech Mahindra up 1.76%
- Key stated growth opportunities
- AI monetisation, vendor consolidation, enterprise modernisation and large deal wins