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VERIFIEDET Markets·negative
TCS shares tumble 4%, wipe out Rs 35,000 crore after N Chandrasekaran resigns. What should investors do?
AI Summary
- ·TCS shares declined by approximately 4%, resulting in a market value reduction of ₹35,000 crore.
- ·The share price drop occurred following the resignation of N Chandrasekaran as Tata Sons chairman.
- ·Analysts suggest the market reaction is a knee-jerk response, with technical indicators showing support around ₹2,000–2,300 and resistance at ₹2,670–2,700.