TCS Shares Slide as IT Weakness Weighs on Market
TCS Shares of Tata Consultancy Services (TCS) declined sharply on the National Stock Exchange after broader weakness in the IT sector dragged investor sentiment on Wednesday. The Nifty IT index fell as global tech pressure and concerns over future earnings growth hit demand for large IT names, with TCS ending significantly lower than its previous close. This weakness contributed to a halt in the recent market rally, as benchmark indices struggled to find directional strength amid mixed sectoral performance.
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