TCS shares tumbled 2% Monday, extending a four-day loss to 12%, as rising U.S. bond yields fueled fears of further Federal Reserve rate hikes. This downturn, coupled with AI disruption concerns, has pushed the stock down over 32% this year. Experts advise caution, citing weakening momentum and a bearish trend, suggesting rallies may face selling pressure.
TCS shares tumbled 2% Monday, extending a four-day loss to 12%, as rising U.S. bond yields fueled fears of further Federal Reserve rate hikes. This downturn, coupled with AI disruption concerns, has pushed the stock down over 32% this year. Experts advise caution, citing weakening momentum and a bearish trend, suggesting rallies may face selling pressure.
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