Stock Market: Trump Talks Turn IT Stocks into Livewire

Spread love

IT is still not a positional buy due to ever uncertain Tweets from President Trump, said Seth, almost sarcastically.

By S JHA

MUMBAI, September 20, 2025 — Announcement by US President Donald Trump to charge $100,000 for H1B Visa, up 100 times, has brought a dark cloud over IT stocks. The Indian IT giants were hammered on US bourses after Trump’s “breaking news.” The consensus on the street portrays gloom for Monday trading session in the Indian stock market for the IT stocks.

“Initially in my research studies, I thought TCS was finally reversing. But that view went slightly wrong due to a Trump tweet 15 days back,” wrote Amit Seth, a Kolkata-based equity mentor, in his Telegram channel. He was referring to Trump stoking speculation to impose extra taxes on outsourcing of IT services to the Indian firms.
“Since then, I was sure IT is still not a positional buy due to ever uncertain Tweets from President Trump,” added Seth, almost sarcastically.

Seth summed up the sentiments surrounding the IT stocks. Trump’s first Truth Social post had sent the IT stocks crashing. Afterwards, Trump’s “friendship” posts on Prime Minister Narendra Modi somewhat lifted the sentiments for the IT stocks. Now, the IT stocks seem to have slipped into another unpredictable spell of Trumpian narrative.

The Indian IT giants are known for decades to be the biggest beneficiaries of H1B Visas issued by the US. The cost now threatens to shoot 100 times, making onsite deployment of IT personnel in the US a costly affair for the Indian IT firms. Yet the IT executives are assertive that the works that they execute will remain with them and only the manner of execution will change. But the pain in the immediate horizon will be unavoidable, said a top-ranking IT executive.

Almost all the IT stocks without any exceptions are far below their 52-week highs. Shares of TCS, for instance, is trading around ₹3000. The stock had seen the levels of ₹4400 not so many months ago. Similar is the tales of the likes of Infosys, HCL Technologies, Tech Mahindra, Happiest Minds, and others.

Yet there are a few stocks which are buzzing on the street on the AI theme. Shares of Netweb Technologies for instance are flying on the bourses. Analysts advise investors to be watchful of the IT stocks and avoid risky bets.

(Disclaimer: This article makes no recommendation for buy or sell of shares of any company)