The US government’s announcement of a $100,000 annual onetime fee for new H-1B visa applications has shaken India’s $283 billion IT services industry. With 71% of H-1B visa holders being Indian nationals and the US contributing 62% of IT export revenues, the move has triggered a sharp market reaction but it may also open up selective buying opportunities for long-term investors.

Technology investments of ₹11,261 crore across 39 stocks demonstrated institutional commitment to India's digital transformation narrative. Despite US tariff concerns, fund managers viewed technology companies as long-term beneficiaries of global digitalization trends and India's competitive advantage in software services.

The Nifty IT Index has experienced a volatile cycle over the past year, marked by premium valuations in late 2024, a sharp correction in early 2025, and recent signs of stabilization. While long-term growth drivers remain intact, short-term earnings pressures and global uncertainties have weighed on sentiment.

The buying activity was dominated by State Bank of India's record ₹10,520 crore purchase and on the sell side travel and hospitality stocks faced the largest redemptions. IndiGo Aviation's ₹2,378 crore sale and Eternal Limited's ₹1,602 crore divestment

domestic mutual funds unloaded roughly ₹41,000 Crore worth of shares.....