India, Sept. 22 -- Indian IT stocks, led by Tata Consultancy Services Ltd. and Infosys, are likely to decline on Monday (22 September 2025) as US President Donald Trump's hefty fee for new H-1B visas adds to worries for outsourcing giants.

Trump's overhaul of the program, by mandating a $100,000 fee for applications, may deal a blow to Indian outsourcers like Tata Consultancy Services Ltd. and Infosys Ltd. that derive a large chunk of revenue from the US.

India's IT services sector has already taken a hit from disappointing earnings for the April-June quarter and layoff plans by bellwether TCS, as customers curtailed technology spending amid flaring trade tensions. A gauge tracking the sector is down more than 15% so far this year, comp...