Shares of Tata Consultancy Services (TCS) tumbled around 4% on Wednesday, recording the biggest single day plunge in more than two months after Tata Sons Chairman N Chandrasekaran resigned.
The shares of India’s largest IT services provider closed at around Rs 2,350 apiece on NSE, wiping off around Rs 35,000 crore from its market capitalisation and dragging it down to Rs 8.5 lakh crore. It closed as the top loser on benchmark indices Sensex and Nifty, as well as sectoral index Nifty IT which it pulled down 1.5%, making it the top sectoral loser.
