TCS Market Cap Dips Below ₹10 Lakh Crore First Time Since Dec 2020

• Tata Consultancy Services (TCS) market capitalization fell below ₹10 lakh crore, a first since December 2020.
• Shares dropped 5% on Thursday, February 12, mirroring a global sell-off in IT and software companies.
• The Nifty IT index is down 10% year-to-date, with TCS and Wipro hitting new 52-week lows.
• Global software companies like ServiceNow, Salesforce, and Adobe have seen significant corrections this year.
• AI's pervasive impact poses new disruption risks for Indian IT firms, unlike previous cycles.