Tata Consultancy Services and Tata Steel were among the top three biggest losers on the Sensex today. TCS closed at ₹2,349.70 apiece, down 3.71 per cent, while Tata Steel closed at ₹185.45 a share, down 1.57 per cent on the BSE. Another Tata group firm, Trent, also found itself in the top ten losers in the 30-pack index.
The broader market fell for a second straight session, with the Sensex slipping 187.90 points, or 0.24 per cent, to settle at 77,966.35, after tumbling as much as 656.32 points intraday to a low of 77,497.93. The Nifty shed 35.75 points, or 0.15 per cent, to close at 24,435.95, having dropped to an intraday low of 24,265.95 earlier in the session.
Elevated crude oil prices, hovering near $89 a barrel amid fresh attacks on Middle East shipping, unsettled sentiment, while investors also stayed cautious ahead of domestic and US inflation data due later in the day. Adding to the pressure, most Tata group stocks slid after news of chairman N. Chandrasekaran not seeking reappointment when his term ends on February 20, 2027, wiping out roughly $4.6 billion from the group's combined market value in a single session.
Not every Tata stock fell, though. Tata Motors bucked the trend, rising 1.59 per cent to close at ₹456.85 a share on the BSE, buoyed by its latest financial results.
Tata group’s commercial vehicles arm reported a robust first quarter for FY27, with standalone revenue rising 23 per cent year-on-year to ₹19,329 crore, EBITDA up 17 per cent to about ₹2,300 crore, and profit before tax (before exceptional items) climbing 26 per cent to ₹2,057 crore, even as EBITDA margin eased 60 basis points to 11.7 per cent amid commodity cost pressures.
Standalone profit after tax stood at ₹1,528 crore for the quarter, aided by healthy volume growth of 26 per cent to 108,700 units and a domestic commercial-vehicle market share of 36.8 per cent.
On a consolidated basis, Tata Motors posted revenue of ₹20,667 crore, up 19 per cent, while profit after tax surged 83 per cent to around ₹2,600 crore, helped by a mark-to-market gain on its investment in Tata Capital.
Moreover, the company said regulatory clearances for its Iveco stake sale are in the final stage, with a tender offer expected in early September 2026.
Among other movers, at market close, Hindalco and National Aluminium surged 2.8 per cent and 8.3 per cent respectively on higher global aluminium prices, while Godrej Consumer Products tumbled nearly 11.2 per cent after its chief executive Sudhir Sitapati’s abrupt exit announcement on Tuesday.
