India, Sept. 22 -- Domestic benchmark indices witnessed significant fall on Monday, primarily due to drop in IT stocks and overall negative sentiments despite the US clarification on H-1B visa fee and the GST 2.0 boost. Experts attributed it to Donald Trump's decision to increase the H-1B visa fee to $100,000-a move that raised concerns about higher operational costs for Indian IT companies reliant on these visas.

Amid widespread panic, confusion and concern that gripped Indians in the US on H-1B visas after Trump signed the proclamation there was a clarification by the White House that the $100,000 fee was a "one-time" payment applicable only on new applicants. Notably, prior to the clarification by White House Press Secretary Karoline ...