TCS Shares Tumble 4%, Wipe Out ₹35,000 Crore After N Chandrasekaran Resigns

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12 August 2026 at 8:33 pm

TCS Shares Tumble 4%, Wipe Out ₹35,000 Crore After N Chandrasekaran Resigns

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Summary

TCS shares dropped nearly 4%, wiping out ₹35,000 crore in market value, following N Chandrasekaran's resignation as Tata Sons chairman. Analysts described the market reaction as a knee-jerk response, with technical indicators suggesting support levels between ₹2,000–2,300 and resistance at ₹2,670–2,700.

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