New Delhi, Sept. 24 -- The Nifty IT index has fallen over 5 per cent in the last four sessions after the US President Donald Trump issued a proclamation establishing a $100,000 one-time payment requirement for all new H-1B visa petitions for workers currently outside the US, effective September 21. The idea behind the move is to protect American jobs.

From the next-year visa lottery cycle, $100,000 fees will apply to new H-1B visa filings, which would limit the use of H-1B visas and make on-site work more expensive.

While signs of near-term pressure in Indian IT stocks are visible following the US government's sharp increase in H-1B visa fees, analysts believe the long-term outlook remains resilient for major players in the sector.

The...