Infosys, Tech Mahindra, TCS and other IT stocks surge up to 3% as Trump signals softer stance on H-1B visas
Shares of India’s top IT companies, Infosys, Tata Consultancy Services (TCS), and Tech Mahindra surged up to 3.4% on Wednesday after US President Donald Trump said the country “needed skilled workers from abroad,” even as his administration continues to tighten visa rules impacting global technology firms.
Among peers, Tech Mahindra led the rally with a 3.24% gain, followed by Mphasis (up 2.83%), LTIMindtree (up 2.63%), TCS (up 2.26%), and Infosys (up 1.25%). The Nifty IT index climbed 1.83%, emerging as the day’s top sectoral gainer.
