TCS faced intense selling pressure over the past 30 days, driven primarily by Accenture's guidance reduction and broader IT services demand concerns. The June 19 sell-off alone wiped Rs 1.35 lakh crore from Indian IT stocks, reflecting structural reassessment of sector growth prospects. Accenture's weakest bookings since Q1FY25 signaled client hesitancy amid macroeconomic uncertainty and shifting AI investment priorities, creating contagion across peers including TCS and Infosys. Beyond demand headwinds, TCS confronted a significant financial liability when the US Supreme Court declined review in its trade secrets dispute with DXC Technology, forcing a $70 million provision. Geopolitical tensions involving Iran and elevated US inflation further amplified risk-off sentiment in June. The sector showed modest recovery with the Nifty IT rising 4.3% following reduced geopolitical risk, though sentiment remains decidedly bearish. Forward-looking, TCS must navigate persistent enterprise spending caution while managing litigation costs, with sector rerating dependent on clearer demand visibility and macroeconomic stabilization.