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TCS m-cap falls below Rs 10 lakh crore as stock hits 52-week low amid Anthropic AI shock
Tata Consultancy Services (TCS), India's largest IT services company, has seen its market capitalization fall below Rs 10 lakh crore amid fears of artificial intelligence (AI) disrupting the IT sector. This comes as TCS stock hit a 52-week low, and stronger-than-expected US jobs data dampened investor sentiment, leading to a broad sell-off in the Nifty IT index. Experts suggest the Indian IT sector will continue to face challenges, making this development significant for competitive exam preparation.
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