Markets tumble as H-1B visa fee shock drags IT sector; Adani Group stocks rally, TechD Cybersecurity debuts strong amid mixed broader cues.
Market Snapshot (As of 12 PM)
The Indian stock market opened weak and stayed under pressure through the morning session on Monday, September 22, 2025, largely due to a steep selloff in IT stocks following a significant U.S. policy change.
- 📉 Sensex: 82,458, down 172 points (–0.21%)
- 📉 Nifty 50: 25,296, down 31 points (–0.12%)
- 📉 Nifty IT: Down 4% at 35,145.10
IT Sector Tanks After $100,000 H-1B Visa Fee Shock
The biggest drag today was the IT sector, following President Donald Trump’s announcement of a $100,000 one-time fee on new H-1B visa applications. This policy directly impacts Indian tech majors dependent on U.S. talent mobility.
- Top Losers: Tech Mahindra, Infosys, TCS, HCLTech, LTIMindtree
- Nifty IT Index: Down 4%, worst sectoral performer
The sudden regulatory burden has sparked fears of rising costs and reduced margins, especially for companies with heavy U.S. exposure.
Adani Group Stocks Rally After Regulatory Clarity
Amid the broader market weakness, Adani Group stocks staged a sharp rally after SEBI gave a clean chit regarding the Hindenburg Research allegations.
- Adani Power: 🔺 20%
- Adani Enterprises: 🔺 3.4% intraday
- Adani Ports: Among top NSE gainers
- Adani stocks have gained over 8.5% since Friday
The market has reacted positively to the restored regulatory confidence in the group.
Other Notable Stock Moves
- 🚀 TechD Cybersecurity debuted with a 90% premium, hitting the upper circuit on its NSE SME listing.
- 🚀 Netweb Technologies gained 6%, hitting a record high on securing a ₹450 crore order.
- 🚀 SEPC Ltd rose 5% after bagging a ₹443 crore order from the Water Resources Department.
- 🚀 Garden Reach Shipbuilders up 6% post multiple MoUs in the infrastructure space.
- 🚀 Shipping Corporation of India jumped 8% after signing MoUs with BPCL, HPCL, and IOCL.
- 🔼 Ceigall India rose 3% on winning a solar project bid in Madhya Pradesh.
- ⚠️ Swiggy was downgraded by JM Financial, citing poor return potential due to high cash burn.
Hyundai Motor Soars 47% Over IPO Price
- Hyundai Motor India Ltd. surged to ₹2,889.65, up 47% from its ₹1,960 IPO price.
- The stock has rallied 87% from its 52-week low of ₹1,542.95.
- Investors are now debating whether to book profits or hold for longer-term gains.
IPO Buzz Today
- 🟢 Ivalue Infosolutions IPO closes today
- 🟡 GK Energy & Saatvik Green Energy enter Day 2 of subscription
- 🆕 Ganesh Consumer Products and Atlanta Electricals IPOs open
- 💼 TechD Cybersecurity lists on NSE SME with a 90% listing gain
Sectoral Performance
- 📉 IT: Down 4% — worst performer
- 📉 Telecom & Midsmall IT: Down 1.75%
- 📉 Pharma & Consumer Durables: Down 0.25%
- 📈 Auto, Metal, Media: In the green
- ⚠️ SmallCap & MidCap indices also under pressure
