Tata Consultancy Services Share Price Slips Ahead of Q1 FY26 Results — IT Stocks Under Pressure

Market Performance: Nifty IT Index Sees Mild Correction

On July 9, IT stocks faced selling pressure as markets prepared for the Q1 earnings season. The broader Nifty IT index declined by 0.5%, hovering near the 38,801 mark in early trade.

This dip reflects investor caution ahead of the upcoming Q1 FY26 results from Tata Consultancy Services (TCS), which is expected to be the first among major IT firms to declare its quarterly earnings.

Main News: Tata Consultancy Services Share Price Under Pressure

Tata Consultancy Services' share price witnessed a marginal decline during intraday trade on July 9. The stock moved slightly in the red, reflecting broader sentiment in the IT space.

TCS is set to announce its Q1 FY26 results on July 10, marking the official start of the earnings season for the IT sector.

The performance of TCS in the upcoming results is anticipated to provide insights into key segments such as:

• Banking, Financial Services, and Insurance (BFSI)
• Retail
• Communications
• Hi-tech verticals

Investors are also closely observing developments related to the firm's deal pipeline and any potential updates regarding its growth strategies and wage revisions.

Company Snapshot: Tata Consultancy Services

Tata Consultancy Services, a key company under the Tata Group, is internationally acclaimed for its leadership in IT services and consulting. As a major software exporter from India, it holds a key position in influencing the broader direction of the IT sector.

TCS's earnings announcement is seen as a trendsetter that often sets the tone for peer performance within the sector.

IT Sector Overview: Decline Across the Board

The IT sector broadly mirrored the subdued performance of TCS shares:

• HCL Technologies: Dropped over 1% to ₹1,688 per share.
• LTI Mindtree, Wipro, Persistent Systems: Fell around 0.7% each.
• Infosys, Tech Mahindra: Also traded in the red with minor losses.

This widespread decline suggests cautious investor sentiment across the IT space ahead of TCS's result announcement.

Summary

The Tata Consultancy Services share price edged lower on July 9 as markets braced for its Q1 FY26 results. With the IT sector experiencing a broader decline and the Nifty IT index dropping 0.5%, investor attention is firmly focused on TCS's upcoming performance announcement, scheduled for July 10.

While the share movement remained modest, it reflects broader sectoral concerns tied to demand trends, macro volatility, and earnings outlook in key business segments. The market will closely monitor how TCS addresses these variables during its earnings call.