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Stock markets slide; Sensex, Nifty down on IT fall amid H-1B fee hike

Stock markets opened lower on Monday amid concerns over the US President Donald Trump's decision to raise H-1B visa fees to USD 1,00,000 per worker. Tech Mahindra, Infosys, HCL Tech and Tata Consultancy Services were trading lower in the range

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Equity benchmark indices Sensex and Nifty dropped in early trade on Monday, dragged by IT stocks amid concerns over the US President Donald Trump's decision to raise H-1B visa fees to USD 1,00,000 per worker.

The 30-share BSE Sensex dropped 475.16 points to 82,151.07 in opening trade. The 50-share NSE Nifty declined 88.95 points to 25,238.10.

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