Tata Consultancy Services (TCS) shares fell 3.6% on July 31, 2026.
The Nifty IT index dropped as much as 3.72% during the day before recovering some losses.
Investors booked profits following a strong five-day rally in the technology sector.
Financial stock gains pushed the broader Nifty50 index higher despite the IT slump.
This correction occurred despite positive global cues from Microsoft regarding artificial intelligence spending.