New Delhi, Sept. 24 -- IT sector companies have been under pressure, following the White House's announcement of a revised H-1B visa fee of $100,000. However, it also clarified that the fee would apply only to new applications and not as a recurring annual charge.

Market analysts believe that a hike in visa fees from the current $1,500 could impact the operations and financial performance of Indian IT firms, though the direct effect is expected to be limited. However, secondary factors like uncertainty around near-term deal wins may weigh on IT stocks.

"Several Indian IT majors derive a significant share of their revenues from the US market. The Trump administration's recent overhaul of the H-1B visa regime, imposing a steep one-time fe...