TCS market value rises as earnings stability supports IT sentiment

Shares of Tata Consultancy Services remained supported as the company’s market capitalisation expanded by over Rs 35,900 crore, reflecting investor confidence in earnings resilience. The IT major reported modest profit growth for the September quarter, with margins holding steady despite global demand uncertainty. Market participants continue to view large cap IT firms as relative defensives, supported by deal pipelines, currency tailwinds, and expectations of improved discretionary tech spending in the next fiscal cycle.

Indian equity markets ended lower as profit booking and cautious positioning weighed on benchmarks. The BSE Sensex fell 338 points to close near 84,929, while Nifty50 declined below 26,000 levels. Broader markets showed relative strength, with select smallcap stocks attracting value-driven buying.Tthe correction followed a sharp recent rally, with investors shifting focus toward earnings visibility and sector-specific opportunities ahead of year-end positioning.