Market Update at 4:10 PM: On Wednesday, September 24, Indian equity benchmark indices closed in red, extending losses for the fourth straight session. The Nifty 50 ended down by 112.60 points, or 0.45 per cent, at 25,056.90, while the Sensex dropped by 386.46 points, or 0.47 per cent, to 81,715.64. IT stocks were among the key drags as investor sentiment was impacted by the US H-1B visa fee hike.

The Nifty IT index fell by 0.72 per cent, and Nifty Auto declined over 1 per cent on Wednesday, easing from record highs touched on Tuesday. The Nifty 50 has lost more than 1 per cent in the last three sessions, with IT stocks driving this week's sell-off. The US recently proposed a rework of the H-1B visa selection process, introducing a USD 1,00,000 fee for new applications and prioritising

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