On Friday, Dalal Street's reaction on N. Chandrasekaran's chairman of Tata company was mixed. About Rs 20,000 crores of investor wealth in Tata Group stocks was fall down on Friday while the benchmark indices ended flat.

The fall in TCS shares to 4 per cent ,which resulted in the company's market capitalisation falling Rs 18,000 crore,contributed the most to the drop in Tata Group companies valuation.Titan fell 1.5% , while Tata Motors,Tata Steel and Tata Elexi shares decline by half a percent each.

Trent was the biggest gainer among Tata stocks on Friday,soaring 8.7%.Tata coffee  rose 6.12%.Tata Global ,Indian Hotels and Rallis India gained 2% each.Fund Managers, who spoke on ET on condition of anonymity,said shares of smaller companies could have gained because of optimism that Chandrasekaran would help these companies grow rapidly similar to  the growth path of TCS.

They are not enough confident if he would be able to turnaround some of the group's larger businesses given that his expertise mainly lies in the software sector.

Tata group has lost nearly Rs 75,000 crore of market capitalisation since former chairman Cyrus Mistry's exit. The current market capitalisation of Tata group is '9.58' lakh crore.

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