Shares of IT major Tata Consultancy Services (TCS) are in a free fall. The large cap IT stock has closed lower for seven straight sessions. The IT stock has seen weak sentiment in the last one year due to tepid demand outlook, Trump administration's plan to hike fees for H-1B visas and the disruptive influence of generative AI, coupled with subdued quarterly earnings performance. Advertisement

In the previous session, TCS closed 0.13% lower at Rs 2,896.40. Market cap of TCS stood at Rs 10.47 lakh crore on Monday. Investors have lost Rs 4.34 lakh crore this year in the IT stock.

The reduction in the market cap amounts to a fall of 29.58% in the stock this year. The stock is down 33% in a year.

In terms of technicals, its RSI has fallen to 28.6, signalling the stock is trading near the

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