Market News
4 min read | Updated on September 22, 2025, 08:21 IST
SUMMARY
President Donald Trump has signed a proclamation to raise the fee for H-1B visas to a staggering $100,000 annually, a move described by American lawmakers and community leaders as "reckless" and "unfortunate".
Vodafone Idea was top gainer in the NIFTY Midcap 100 index, the stock rose 7.91% to close at ₹8.46. Image: Shutterstock
The Indian equity markets are set to open sharply lower in trade on Monday as indicated by the NIFTY futures traded at GIFT City in Ahmedabad. NIFTY futures at GIFT City fell 0.4% or 101 points to 25,334 as sentiment turned bearish after US President Donald Trump signed a proclamation sharply increasing visa fees and tightening entry norms for high-skilled foreign workers.
Asian shares edged higher led by Japan's Nikkei, after the central bank eased concerns over plans to offload its massive exchange-traded fund holdings.
Nikkei rose 1.55%, Australia's S&P ASX 200 advanced 0.28%, China's Shanghai Composite fell 0.03% and Hong Kong's Hang Seng dropped 0.84%.
President Donald Trump has signed a proclamation to raise the fee for H-1B visas to a staggering $100,000 annually, a move described by American lawmakers and community leaders as "reckless" and "unfortunate".
Trump on Friday signed the proclamation ‘Restriction on entry of certain non-immigrant workers', saying the abuse of the H-1B visa programme is a "national security threat".
Immigration attorneys and companies have asked the H-1B visa holders or their family members currently outside America for work or vacation to return within the next 24 hours or risk being stranded and denied entry into the US after the proclamation comes into effect from 12:01 am September 21.
Foreign institutional investors bought shares worth ₹390.74 crore in the Indian equity markets on Friday while domestic institutional investors bought shares worth ₹2,105 crore. So far this year, FIIs havesold shares worth ₹1,38,580 crore, data from NSDL showed.
NIFTY50: On the technical front, the index failed to close above 25,500 on a weekly closing basis, indicating strong selling pressure at the higher levels. With negative cues, the index is expected to remain under pressure on Monday. According to the experts, the 25,230 remains crucial support on the downside for the index.
On the options data front, the 25,400 calls hold the highest open interest indicating a strong resistance for tomorrow’s expiry. Similarly, on the downside, the 25,300 puts hold the highest open interest, indicating a strong support for tomorrow’s expiry.
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