The TCS share price came under sharp pressure in the stock market today, sliding more than 5% and hitting a fresh 52-week low of ₹2,752.75 in intra-day trade on Thursday, February 12, 2026.
It wasn’t just another weak session.
For the first time since December 2020, Tata Consultancy Services (TCS) saw its market capitalisation slip below the crucial ₹10 lakh crore mark. That psychological line had held for years. Today, it gave way.
At the time of reporting, TCS market value stood at ₹9.97 lakh crore.
This fall comes amid a broader AI-led tech selloff, both globally and in India.
Let’s break down what unfolded in the stock market today and why TCS share price is making headlines.
Market Performance: IT Stocks Sink as Global Tech Weakness Spills Over
The weakness was not isolated.
In the stock market today, the Nifty IT index dropped over 4% in intra-day trade. Every single constituent was in the red.
Key declines:
- Coforge fell over 4%
- Infosys slipped over 4%
- HCL Tech dropped over 4%
- Persistent Systems declined over 4%
- Tech Mahindra lost over 4%
The selling pressure mirrored overnight weakness in US technology stocks, where major indices ended lower.
US markets closed as follows:
- Dow Jones fell 66.74 points (0.13%) to 50,121.40
- S&P 500 edged down to 6,941.47
- Nasdaq Composite declined 0.16% to 23,066.47
On the stock level:
- Microsoft fell 2.2%
- Alphabet dropped 2.4%
- S&P 500 software index slipped 2.6%
Even though broader US markets stayed relatively flat, technology stocks faced pressure — and that sentiment spilled into Indian IT counters, dragging TCS share price down sharply.
TCS Share Price: Market Cap Falls Below ₹10 Lakh Crore
The headline number that caught attention in the stock market today was not just the 5% drop in TCS share price.
It was the erosion in valuation.
- 52-week low: ₹2,752.75
- Market capitalisation: ₹9.97 lakh crore
- Previous psychological level breached: ₹10 lakh crore
This is the first time since December 2020 that TCS has traded below that valuation threshold.
The reshuffling in market rankings also became visible.
- ICICI Bank moved ahead of TCS, becoming the fifth-largest Indian company by market capitalisation at ₹10.09 lakh crore.
- A day earlier, State Bank of India had also surpassed TCS to claim the fourth position.
- Reliance Industries continues to lead with ₹19.7 lakh crore market cap.
- It is followed by HDFC Bank and Bharti Airtel.
The shift tells a simple story: IT heavyweights are facing valuation pressure while banking stocks are gaining relative strength.
Why TCS Share Price Fell in the Stock Market Today?
The decline in TCS share price is closely linked to global macro cues and AI-driven uncertainties.
Here’s what changed:
1. Stronger US Jobs Data
- US job growth in January surprised on the upside
- Unemployment rate fell to 4.3%
At first glance, strong labour data sounds positive. But markets read it differently.
Strong job growth suggests the US Federal Reserve may:
- Keep interest rates unchanged for longer
- Monitor inflation more closely
- Delay rate cuts
This pushed the US dollar higher, reducing hopes of near-term monetary easing.
2. AI-Led Disruption Concerns
Artificial intelligence continues to dominate the narrative.
There are growing concerns about how AI could disrupt traditional IT services — especially outsourcing-led models.
The selloff in US tech names reflects:
- Uncertainty around AI impact
- Repricing of software and tech businesses
- Volatility in global technology valuations
Indian IT stocks, including TCS share price, reacted in tandem.
3. Inflation Data in Focus
Investors are now awaiting key US inflation data due Friday for more policy clarity.
Until that data is out, risk appetite in global tech remains cautious.
Company Snapshot: Tata Consultancy Services (TCS)
Tata Consultancy Services remains one of India’s largest IT services companies.
Key highlights from the stock market today context:
- Industry: Information Technology Services
- Status: Formerly among top four companies by market cap
- Current valuation: ₹9.97 lakh crore
- 52-week low level: ₹2,752.75
TCS share price movement today reflects broader sector weakness rather than company-specific announcements.
There were no fresh earnings announcements or corporate disclosures driving the fall. The movement was sentiment-led, aligned with global market cues.
Nifty IT Under Pressure: Sector-Wide Impact
It’s important to understand that the fall in TCS share price is part of a larger sector trend.
The Nifty IT index losing over 4% signals:
- Sector-wide selling
- Risk-off positioning
- Global tech alignment
When global software and tech stocks weaken, Indian IT typically follows due to:
- Revenue exposure to US markets
- Dollar-linked earnings sensitivity
- Institutional cross-market positioning
This interlinking explains why the stock market today showed synchronized weakness across IT counters.
Stock Market Today: Broader Context
Outside IT, Indian markets were influenced by global trends.
What we saw:
- Weakness driven by Wall Street decline
- Dollar strength pressuring emerging markets
- Wait-and-watch approach before US inflation data
The stock market today reflected a cautious undertone rather than panic selling.
However, IT stocks bore the brunt of the selloff.
Summary: TCS Share Price Faces Valuation Reset Amid AI Selloff
To sum it up clearly:
- TCS share price fell over 5% in intra-day trade
- Hit a 52-week low of ₹2,752.75
- Market cap slipped below ₹10 lakh crore for first time since December 2020
- Current valuation stands at ₹9.97 lakh crore
- Nifty IT index dropped over 4%
- US tech weakness and strong jobs data triggered sentiment shift
The stock market today highlighted how tightly Indian IT stocks are linked to global cues.
For now, the focus remains on:
- US inflation data
- Federal Reserve rate outlook
- Ongoing AI-driven uncertainty in tech services
TCS share price movement reflects sentiment alignment rather than company-specific fundamentals. And in a globalised market, sentiment often moves faster than numbers.
As always, the coming sessions will depend on how macro data shapes investor confidence.
In volatile markets, clarity often returns in phases — not all at once.
Source: Livemint
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