IT shares crash after three-day rally, TCS nosedives 8 per cent

After three sessions of strong buying interest, information technology (IT) stocks crashed on Wednesday as investors rushed to book profits amid the broader market selloff and ongoing AI-related headwinds for the sector.

Tata Consultancy Services (TCS) was the biggest loser among the large-cap companies with its stock crashing more than 8% to settle at 2,245 apiece while heavyweights such as Infosys, HCL Technologies and Tech Mahindra fell between between 4-6%.