Ratan Tata's Legacy Boosts Tata Group Stocks Amidst Mourning

Shares of Tata Group companies surged as investors paid tribute to the late Ratan Tata, who passed away at 86. Major gains were seen in Tata Chemicals and Tata Teleservices. While some shares dipped, the overall market was bullish with the BSE Sensex rising. TCS canceled a press conference following Tata's demise.

The stock market witnessed a notable rise in Tata Group shares on Thursday, with significant gains led by Tata Chemicals and Tata Teleservices. This surge comes as investors honor the legacy of Ratan Tata, the visionary leader who transformative the group into a global conglomerate, following his passing at 86.

Several key Tata Group companies, including Tata Investment Corporation, Tata Chemicals, and Tata Teleservices Maharashtra, saw their stock prices rise, contributing to an overall bullish market reflected by a 198.28 point gain in the BSE Sensex. However, some retail entities like Trent and Titan saw slight declines.

In light of the somber news, Tata Consultancy Services (TCS) postponed a planned press conference regarding its quarterly performance, but confirmed continuation of the scheduled analysts' call. Meanwhile, the last rites of Ratan Tata were arranged for Thursday afternoon in central Mumbai.

(With inputs from agencies.)