Tata Group stocks lose ₹46,000 crore in value after N Chandrasekaran's resignation

Tata Group stocks lost around ₹46,000 crore in market value on Wednesday after N Chandrasekaran said he would not seek reappointment as Tata Sons chairman. TCS fell 4.12%, while Tata Motors and Tejas Networks dropped 2.47% and 2.34%, respectively. Tata Consumer Products, Tata Communications, Tata Steel, Tata Power, Tata Elxsi, Indian Hotels, Voltas and Trent also declined during the session.