TCS share: IT major Tata Consultancy Services (TCS) share price tumbled over 5% to hit its 52-week low of ₹2,752.75 in intra-day deals on Thursday, February 12, 2026 amid the broader AI-led tech selloff.
This marked the first instance since December 2020 that the market capitalization of the IT major slipped below the ₹10 lakh crore level. At the time of filing this report, its market value stood at ₹9.97 lakh crore.
Private sector lender ICICI Bank overtook Tata Consultancy Services to become the fifth-largest Indian company by market capitalization on February 12. This development comes a day after State Bank of India (SBI) surpassed the IT major to claim the fourth position. ICICI Bank’s market capitalization stood at ₹10.09 lakh crore.
Meanwhile, Reliance Industries continued to be India’s most valuable company, with a market capitalization of ₹19.7 lakh crore, followed by HDFC Bank and Bharti Airtel.
The decline came following weakness in Wall Street technology stocks. The decline followed a stronger-than-expected US January jobs report, which failed to lift investor sentiment amid persistent concerns over artificial intelligence–led disruption in traditional IT services.
US job growth surprised on the upside in January, while the unemployment rate fell to 4.3%. The data signaled labor market resilience, potentially allowing the Federal Reserve to keep interest rates unchanged for longer as it monitors inflation. The stronger data also pushed the US dollar higher, dampening hopes of near-term rate cuts. Investors are now awaiting key US inflation data due on Friday for further clarity on the policy outlook.
US equities closed lower on Wednesday. The Dow Jones Industrial Average slipped 66.74 points, or 0.13%, to 50,121.40. The S&P 500 edged down by less than one point to 6,941.47, while the Nasdaq Composite declined 0.16% to 23,066.47. Microsoft shares fell 2.2%, emerging as the biggest drag on the S&P 500, while Alphabet declined 2.4%. The S&P 500 software index dropped 2.6%, even as broader markets ended largely flat.
