Trent, Tata Motors, Tata Steel: Tata Group stocks tumble up to 19% amid bloodbath on D-Street; details inside

The headline indices, SENSEX and NIFTY50, tanked over 5% each in the early trade as investors sold stocks left, right, and centre.

Amid across-the-board selling, Tata Group saw their group companies' shares fall like a pack of cards.

The stock plunged as much as 19.32% to ₹4,488 per share on the National Stock Exchange (NSE).

JLR is the flagship company of Tata Motors.

IT stocks have been reeling under pressure ever since the Trump administration initiated tariff talks.

The export-led Indian IT sector, analysts note, is not directly hit by Trump's tariff order on goods, but there could be worrisome indirect bearings on it arising out of a possible slowdown in decision-making and GDP growth in America over higher tariffs, which may then cloud demand from specific verticals.

The $250 billion Indian IT pack – which derives a substantial chunk of its revenue from servicing US clients – is in a wait-and-watch mode to assess the full impact as it unfolds in the coming quarters (as well as the trade negotiations in the offing that could sway equations).

Tejas Networks is part of the Tata Group, with Panatone Finvest Ltd. (a subsidiary of Tata Sons Pvt. Ltd.) being the majority shareholder.

Tata Steel said in a stock exchange filing that the assessment order came on March 31 this year, following a show-cause notice issued on March 13 by the Assessing Officer, Office of the Deputy Commissioner of Income Tax, Circle 2(3)(1), Mumbai.