In the past one week, Nifty IT index has corrected 4.8 per cent, compared to 1.2 per cent decline in the Nifty 50.
Large contracts are supporting deal values at Indian IT firms, but weaker discretionary spending and AI-led pricing pressure are squeezing the flow of smaller projects
TCS said its platform allows pharma firms to build and deploy customised AI agent hubs across workflows with minimal integration and implementation effort, while maintaining regulatory compliance.
Indian firms cut fresh visa registrations as extensions, transfers, and local hiring gain ground
Heavyweights, including Tata Consultancy Services (TCS), Tata Steel, Tata Communications, Trent and Tata Motors Passenger Vehicles traded lower, with losses up to 6 per cent in some counters.
Chandrasekaran's exit as Tata Sons chairman marks a major shift for TCS, leaving its leadership to navigate AI disruption without the group chairman's deep expertise
A sentiment knock across the pack was the realistic expectation, said Anirudh Garg, Fund Manager and Partner, INVasset PMS, with the magnitude inversely proportional to succession clarity.
After shedding almost up to 5 per cent a day earlier, most Tata group stocks gained. Titan and Tata Investment Corporation remained the top laggards.
Four stocks, namely Trent, Nelco, Tata Investment Corporation and Titan Company, have seen a whopping 1,707 per cent to 1,018 per cent rise in almost 9.5 years.
Virat Jagad, technical research analyst at Bonanza identifies key support and resistance levels in 5 prominent Tata group stocks amid Tata Sons chairman Chandrasekaran's resignation on Wednesday.
Most of the group stocks such as TCS, Titan, Tata Communications and Tata Motors PV traded with cuts of up to 4 per cent in intraday deals on Wednesday.
Most of the group stocks traded with cuts of up to 4 per cent following the report. Crown jewel Tata Consultancy Services (TCS) was the top loser with a 4.12 per cent decline.
TCS said the information referenced appeared to be more than four years old and limited to basic employee information, with no indication that customer data was impacted
TCS said it had safeguards in place for more than two years against the method used to carry out the attack. The IT firm's operational systems have not been affected, it added
IT stocks in demand: Tata Consultancy Services (TCS), Tech Mahindra, LTM, HCL Technologies and Mphasis gain 3 per cent each in intra-day deals on Friday.
Ajit Mishra of Religare Broking explains that stock prices were seeing adjustments following a variation in behaviour during the closing auction session on the BSE and NSE on Monday.
The Nifty IT pack rebounded with an 18.4 per cent rise this month. Before this, Nifty IT's best show was in June 2020 when it rose 22.5 per cent.
Technology stocks witnessed some profit-taking on Friday following a 19% rally in the Nifty IT index this July.
The divergence suggests investors are growing weary of the AI-driven rally in chip stocks, while renewing interest in India's IT services firms after a years-long slump
The NSE Nifty 50 index has been quoting below its long-term 200-day moving average since February 27, 2026.