Overview

• TCS closed lower for a seventh straight session at Rs 2,896.40, with RSI near 28 and technical analysts recommending a sell-on-rise stance below Rs 3,500.
• From September 19 to 26, the BSE IT index fell 7.34% versus a 2.7% decline in the Sensex, with TCS down about 8.5% and erasing Rs 97,598 crore in market value.
• Business Today attributes the sector’s selloff to a reported plan by President Donald Trump to raise H‑1B visa fees to as much as $100,000, which has rattled investor sentiment.
• India Today reports fresh anxiety over job cuts at TCS, including claims of a “fluidity list,” while the company earlier spoke of a 2% workforce reduction and higher figures remain unconfirmed.
• ICICI Securities expects tier‑1 IT firms to post 0.5%–1.5% quarter‑on‑quarter constant‑currency growth with largely stable margins, with investors watching guidance and visa‑policy clarity.