Mumbai/IBNS, June 3 -- Shares of Tata Consultancy Services (TCS) plunged more than 7 percent on Wednesday, reversing gains made during the previous two trading sessions.

Profit Booking After Sharp Rally

The decline comes after TCS shares had gained more than 6 percent over the last two sessions, prompting investors to book profits.

Global IT Weakness Weighs On Sector

Nifty IT Sees Correction

The Nifty IT index had rallied nearly 8 percent in just two days before witnessing a correction on Wednesday as investors locked in recent gains.

Published by HT Digital Content Services with permission from India Blooms....