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Pune Labour Commissioner summons TCS over layoffs

after close1 source ↓written by the desknot a recommendation

regarding complaints
18 Nov 2023
unlawfully terminated approximately
12,000 employees
of its workforce
2%

The Pune Labour Commissioner has summoned TCS on 18 Nov 2023 regarding complaints of illegal layoffs. The IT employees’ body NITES alleges the company unlawfully terminated approximately 12,000 employees, about 2% of its workforce. This situation may impact TCS's operational stability and investor sentiment in the IT sector.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 16 Nov 2025, 16:05 IST.

Sourcesnews.google.com

The market after the news

TCS closed −0.1% on the day of the news, from ₹3,106.00 to ₹3,102.20; Nifty +0.4% over the same session; futures OI +1.0%.

Bulletin at 16:05 IST on 16 Nov 2025. Every change is measured from ₹3,106.00, the last close before it, on 14 Nov. Nifty 50 is measured over the same sessions.

  • TCS close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
TCS closes around the bulletin against the close before the news, with Nifty 50 rebased to it272231063490axis spans 28%before the news · 14 Nov3106Nifty 50TCSbulletinD0+1+3+510 Nov20 Nov1 DecFutures open interest, lotspeak 1.7 LReference close ₹3,106.00. 16 sessions from 10 Nov to 1 Dec; the price axis spans 28 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before14 Nov₹3,106.00basebase
On the day17 Nov₹3,102.20▼ −0.1%▲ +0.4%−0.5 pp difference
+1 session18 Nov₹3,087.10▼ −0.6%0.0%−0.6 pp difference
+3 sessions20 Nov₹3,144.80▲ +1.3%▲ +1.1%+0.2 pp difference
+5 sessions24 Nov₹3,141.20▲ +1.1%▲ +0.2%+0.9 pp difference
Gap at the open, % · ₹
0.0%0.00 on 17 Nov
Day's range, % · ₹
1.2%≈ 37 high to low
Volume on the day
0.83×the 20-session average
Futures OI on the day
▲ +1.0%+1,600 lots · short build-up · price −0.1%
Futures OI open, lots
1.6 L17 Nov · 25 Nov expiry
Futures premium, ₹
+5.00+0.2% to spot
Puts per call, by OI
0.69from 0.71 the session before
Max pain
3,100from 3,100 the session before

Source NSE UDiFF bhavcopy · TCS on the desk →

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