GENERAL9 Sept 2026
Nifty IT index falls 3%; Infosys, HCLTech, Coforge among stocks facing selling pressure
Indian IT stocks fell sharply on September 9, pushing the Nifty IT index down 3%. This followed the US Labor Department suspending Cognizant's PERM filings amid an investigation, reviving visa scrutiny worries. Coforge shares dropped 8% after its chairperson resigned. The sell-off dragged the Sensex down 600 points, leaving Nifty near 23,500. Investors in Indian IT shares should stay alert to US regulatory news.
Key Statutory Highlights
- The Nifty IT index fell 3% on September 9 as Indian IT stocks faced selling pressure.
- The US Labor Department suspended Cognizant's PERM filings amid an investigation, reviving visa scrutiny concerns.
- Coforge shares dropped 8% after chairperson OP Bhatt resigned, alongside a US suspension of labour certification filings.
Actionable Advice for Taxpayers / Founders:If you hold Indian IT stocks, watch for updates on the US investigation and any company announcements before deciding your next move.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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