Indian equity benchmarks extended losses for the second straight session on Wednesday as persistent foreign fund outflows, global growth worries, and the US administration’s steep hike in H-1B visa fees weighed on sentiment.

The 30-share BSE Sensex fell 380.48 points to 81,721.62 in early trade, while the NSE Nifty50 slipped 106.45 points to 25,063.05.

Sector & Stock Movers

Top Losers: Tech Mahindra, Tata Motors, ICICI Bank, Bharti Airtel, TCS, Axis Bank, Titan, Kotak Mahindra Bank

Top Gainers: Trent, NTPC, SBI, Asian Paints

The Nifty IT index dropped nearly 0.7% to 35,009.70 — its lowest level in two weeks — after US President Donald Trump proposed a sweeping overhaul of the H-1B visa process and announced an unprecedented $100,000 one-time fee for fresh applications.

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