Mumbai, January 17, 2026, 17:39 IST — The market has closed.
- Tata Consultancy Services closed Friday at 3,206.70 rupees, gaining 0.44% following its ex-dividend date. 1
- TCS will distribute 57 rupees per share, combining an 11-rupee interim and a 46-rupee special dividend. The record date is January 17, with payments scheduled for February 3. 2
- The Nifty IT index jumped 3.34%, settling at 39,086.65, highlighting a strong sector rally that left the weaker stocks behind. 3
Tata Consultancy Services Ltd (TCS.NS) edged up 0.4% on Friday, closing at 3,206.70 rupees, underperforming in a session where other IT stocks surged. Wipro jumped 2.8%, HCL Technologies rose 1.8%, and MphasiS climbed 3.5%, while the Sensex gained 0.23%. 4
Indian benchmarks wrapped the week largely flat, caught between upbeat earnings and lingering global jitters. “The initial set of earnings has been better than the subdued expectations,” noted ICICI Securities’ Pankaj Pandey. Still, he cautioned gains could stall without clear progress on geopolitics or an India–U.S. trade deal. Eyes now turn to heavyweight earnings due Monday. 5
Tech stocks got a boost Friday thanks to Infosys, which raised its revenue growth forecast for fiscal 2026. The upgrade sparked speculation that deal pipelines might be stabilizing. Morningstar noted, “Infosys is in a better competitive position … due to its comprehensive AI offerings.” 6
Wipro reported its earnings late Friday, signaling a cautious near-term growth outlook. Anmol Garg from DAM Capital described the forecast as “below street expectations.” CEO Srini Pallia highlighted on the earnings call a “very clear shift towards AI-led transformation.” 7
For TCS, how dividends work was just as crucial as the trading action. When a stock goes ex-dividend, buyers from that date don’t receive the payout, which can make the share price appear off compared to the previous close—even if bids remain steady.
TCS set the stage earlier this week, revealing a $9.3 billion total contract value for the December quarter and annualized AI services revenue hitting $1.8 billion. CEO K Krithivasan noted the “growth momentum … continued,” while CFO Samir Seksaria highlighted “disciplined execution” on both margins and cash conversion. 8
Traders face a straightforward question: will TCS hold up if the sector shifts focus from “guidance relief” to renewed deal scrutiny? Wipro’s weaker-than-expected bookings comment could rattle the mid-tier players and drag the front-runners down by extension.
Still, the upside hinges on several things falling into place at once: steady U.S. demand, fewer deal hiccups, and a more stable macro environment. If global risk spikes again, India’s high-beta sectors usually react first, and IT is rarely spared.
Monday, Jan. 19 marks the reopening, offering investors their first clear look at Wipro’s results alongside the wider earnings slate. For those holding TCS shares, another key date is Feb. 3, when the cash dividend payment is set to land.
