At 11:30 AM, BSE Sensex was trading at 82,107.93, down by nearly 400 points or 0.49 per cent
Kotak Institutional Equities expects FY2026 to be a year of underperformance for TCS, after its Q1 results missed expectations
Broader markets were also trading in red. The Nifty Midcap 100 was trading at 58,749, down by 0.69 per cent.
TCS, Infosys, Wipro, LTIMindtree, Tech Mahindra, HCL Technologies and Persistent Systems are down in the range of 1% to 2%.
TCS share price slipped below the trend line support on the daily scale post Q1 results; the stock can potentially drop another 5 per cent, suggest technical charts.
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The Nifty IT was the worst-performing sectoral index, down by nearly 1 per cent in intra-day deals on Thursday.
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TCS launches automotive delivery centres in Munich and Villingen-Schwenningen and an engineering hub in Romania to support global shift to software-defined vehicles
Technical outlook on IT stocks: Infosys, TCS HCL Technologies and Tech Mahindra may slip up to 9% from present levels, suggest charts.
LIC's top equity holding in terms of value, Reliance Industries (RIL), has been one of the biggest contributors in its portfolio, with the stock's 25 per cent surge adding ₹26,515 crore in value
Technical charts suggest that IT major shares - Infosys, TCS and Wipro can potentially bounce back up to 18% from present levels; here are the key levels to watch out for.
Tata Sons invested ₹3,000 cr in Tata Capital, Tata Projects rights issue in FY 2025
Nine of the 13 brokerages that reviewed TCS's Q4 results downgraded their target price for the stock
In the previous session, Indian markets ended in the red after the RBI MPC cut the repo rate by 25 basis points to 6 per cent, and shifted its policy stance from 'accommodative' to 'neutral'.
The Tata Group's IT arm will kickstart the fourth quarter earnings season for India Inc. on Thursday, April 10.
IT stocks such as Infosys, TCS, HCL Technologies, LTIMindtree and others have declined up to 37 per cent from the December highs and look oversold on the daily chart; here are the key levels to track.
The Nifty IT index hit its lowest level since June 28, 2024, and has declined 17% thus far in the calendar year 2025, as compared to 5% decline in the Nifty 50.
IT stocks were seen trading in oversold zones at current levels; despite this technical charts suggest that Infosys, TCS, HCL Technologies and Tech Mahindra could slip up to 13% from here on.