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US Labor Department claims $22 billion visa fraud involving major tech firms

pre-market1 source ↓machine-written, see hownot a recommendation

Labor has revealed
$22 billion in visa fraud

The US Department of Labor has revealed $22 billion in visa fraud, leading to the suspension of several major technology companies from the permanent labor certification program. This investigation highlights systemic fraud involving foreign labor, raising concerns for firms like Infosys, TCS, and Wipro. The implications could affect their operations and hiring practices in the US market.

Not investment advice. For informational purposes only.

This bulletin was generated by OI Charts' system from the sources listed here and from OI Charts market data, and was published without individual review. Read how bulletins are made or report an error. OI Charts is not a SEBI-registered investment adviser or research analyst. This is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 9 Oct 2026, 07:18 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

INFY closed +2.6% on the day of the news, from ₹997.00 to ₹1,023.40; Nifty +1.3% over the same session; futures OI +1.1%.

Bulletin at 07:18 IST on 9 Oct 2026. Every change is measured from ₹997.00, the last close before it, on 8 Oct. Nifty 50 is measured over the same sessions.

  • INFY close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
INFY closes around the bulletin against the close before the news, with Nifty 50 rebased to it889.32997.001105axis spans 24%before the news · 8 Oct997.00Nifty 50INFYbulletinD0+1+31 Oct8 Oct14 OctFutures open interest, lotspeak 2.0 LReference close ₹997.00. 9 sessions from 1 Oct to 14 Oct; the price axis spans 24 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before8 Oct₹997.00basebase
On the day9 Oct₹1,023.40▲ +2.6%▲ +1.3%+1.4 pp difference
+1 session12 Oct₹1,020.00▲ +2.3%▲ +0.6%+1.7 pp difference
+3 sessions14 Oct₹1,088.00▲ +9.1%▲ +1.8%+7.4 pp difference
+5 sessionsnot reached yet———
Gap at the open, % · ₹
▲ +1.0%+10.27 on 9 Oct
Day's range, % · ₹
2.4%≈ 24 high to low
Volume on the day
1.36×the 20-session average
Futures OI on the day
▲ +1.1%+2,100 lots · long build-up · price +2.6%
Futures OI open, lots
1.9 L9 Oct · 27 Oct expiry
Futures premium, ₹
+7.20+0.7% to spot
Puts per call, by OI
0.84from 0.76 the session before
Max pain
1,020from 1,020 the session before

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