Stories
Nifty 500 IT Stocks Rally As US Suspends Visa Applications For Major Tech Firms
C
CNBC TV18•09-10-2026, 10:25
Nifty 500 IT Stocks Rally As US Suspends Visa Applications For Major Tech Firms
- •Hexaware Technologies, Cyient, and Tata Consultancy Services surged at market open on Friday following US developments impacting H-1B visas and federal investigations into major tech companies.
- •Hexaware shares jumped up to 12 percent after announcing a multi-year partnership with Anthropic to expand the adoption of Claude AI models among enterprise clients.
- •Tata Consultancy Services saw its biggest gain in a month, rising up to 5 percent and leading the Nifty IT index higher after reporting second-quarter earnings.
- •Info Edge shares recovered 3.5 percent following positive ratings and target price recommendations from major brokerages including JPMorgan, Citi, HSBC, and Nomura.
- •Anand Rathi Wealth and Physicswallah shares slipped lower at market open, with Anand Rathi revising its interim dividend record date to October 15, 2026.
Key Questions Answered
Indian IT stocks rallied following developments in the US, including the US Labor Department's announcement to suspend Microsoft and Adobe and halt new H-1B applications for companies like Cognizant, Infosys, and TCS amidst active federal investigations.
Anand Rathi Wealth shares fell up to 5% after the company informed exchanges that it revised the record date for its interim dividend to Thursday, October 15, 2026.
Hexaware Technologies announced a multi-year partnership with Anthropic to expand the adoption of its Claude AI intelligence models among enterprise clients.
