Shares of Tata Consultancy Services (TCS) experienced a significant decline of over 9% on Wednesday, marking the steepest drop since the market crash triggered by the COVID-19 pandemic in 2020. The stock fell to an intraday low of ₹2,224.80 on the National Stock Exchange (NSE), reversing gains from a recent rally that had seen the stock close at ₹2,446.90. Analysts noted that this sharp decline followed a strong performance by the Nifty IT index, which had surged over 4% just a day prior. The technical outlook for TCS suggests a weakening momentum, with key support levels identified at ₹2,210-₹2,200. Experts caution that a close below these levels could lead to further declines, as the stock has not established a solid base beneath its current price. The rapid sell-off is interpreted as a sign that the market is reassessing the growth prospects of the IT sector amidst rising risks associated with artificial intelligence and overall low growth.