FILE PHOTO: A man walks past a logo of Tata Consultancy Services (TCS) before a press conference announcing the company’s quarterly results in Mumbai, India, January 11, 2024. REUTERS/Francis Mascarenhas/
| Photo Credit:
FRANCIS MASCARENHAS
Tata Consultancy Services stocks today, TCS Q4 results preview & share price live updates, Q4 results live: IT stocks dragged due to global trade tensions on Wednesday, while investors eyed the RBI’s policy decision fan or interest rate cut. IT companies earn a significant share of their revenue from the US.
Tata Consultancy Services will set the tone for IT stocks, as it declares its Q4 results tomorrow. Analysts expect TCS is likely to post muted revenue and profit growth in the fourth quarter of the financial year 2025 (FY25) due to seasonality factors and a slowdown in key projects. Any positive surprise or optimistic outlook comments will help IT stocks. The stock fell 2% in early trade, trading among major laggards of Nifty 50 components.
- 09:58 | April 9, 2025
TCS share price live: Shares down 2%
Shares of TCS traded 1.50% lower at ₹3,243.40 as at 9.56 am.
The stock fell 2% to hit a low of ₹3,212.05 in early trade today from the previous close of ₹3,292.95.
IT stocks are experiencing a downturn due to the Trump tariff war.
- 09:56 | April 9, 2025
TCS share price live: Shares drag on Wednesday
Tata Consultancy Services will set the tone for IT stocks, as it declares its Q4 results tomorrow.
Analysts expect TCS is likely to post muted revenue and profit growth in the fourth quarter of the financial year 2025 (FY25) due to seasonality factors and a slowdown in key projects. Any positive surprise or optimistic outlook comments will help IT stocks.
- 09:55 | April 9, 2025
IT stocks, TCS share price live: IT, pharma drag Indian shares ahead of RBI policy decision – Reuters
Indian shares opened lower on Wednesday, tracking a global equity sell-off driven by escalating trade tensions, while investors eyed the Reserve Bank of India’s policy decision for an interest rate cut and growth support.
The Nifty 50 fell 0.37% to 22,452.1 while the BSE Sensex lost 0.3% to 74,010.03, respectively, as of 09:18 a.m. IST.
Eleven of the 13 major sectors declined, while the broader smallcaps and midcaps lost 0.6% each.
IT companies, which earn a significant share of their revenue from the U.S., lost 2.3%.
The pharma index also dropped 2.3%, after U.S. President Donald Trump said he would be announcing “major tariffs” on pharmaceutical imports soon.
Other Asian markets tanked, with the MSCI Asia ex-Japan dropping 1.9%. Japan’s Nikkei 225 shed 3.1%.
Overnight, Wall Street equities plunged on “stagflation” concerns after the U.S. said it would impose 104% duties on Chinese imports, due to take effect shortly.
In the RBI’s last policy meeting on February 7, it cut the repo rate by 25 basis points to 6.25% to spur growth. Since then, economic uncertainty has risen due to the punishing U.S. trade tariffs, heightening expectations for supportive measures from the central bank.
Reuters
Published on April 9, 2025
