Market Wrap: Sensex drops 466 points, Nifty slips below 25,250 as U.S. visa fee hike hits IT stocks

Indian benchmark indices Sensex and Nifty retreated for a second session on Monday, with IT shares leading losses after United States sharply increased the one-time fee for H-1B visas to $100,000, delivering a fresh blow to a sector that had only just begun to stabilize.