Wipro Limited shares opened sharply higher on the National Stock Exchange on Friday, extending momentum from a strong overnight rally in the US market. According to reports from The Hindu BusinessLine, the stock opened at ₹211.00, up nearly 4.6% from Wednesday's close of ₹201.58, before paring some gains to trade at ₹205.53, up ₹3.95 or 1.96%, as of 9:40 am. The counter was among the top gainers on the Nifty 50 index in early trade, with the day's high of ₹211.00 touching the upper band of ₹221.73.
The domestic move followed a sharp surge in Wipro's American Depositary Receipt on Wall Street on Wednesday, where the ADR climbed over 13% to around $2.33, reflecting strong investor appetite for the company's AI-driven growth strategy. As reported by The Hindu BusinessLine, sell-side pressure was visible early, with sellers accounting for over 76% of the total order quantity against buyers at around 24%, indicating cautious optimism among investors.
Yesterday, Wipro announced an expanded partnership with ServiceNow to implement and scale agentic AI workflows across enterprise functions including IT, HR, procurement, and cybersecurity. According to the company announcement reported by The Hindu BusinessLine, the collaboration integrates Wipro's Intelligence platform — its unified suite of AI-powered offerings — with the ServiceNow AI Platform, aiming to reduce manual coordination and improve operational governance at scale. Specific solutions highlighted include SmartProcure for procurement, Telco Autonomous Networks for telecom operations, and Cyber Transform for cybersecurity.
Despite the day's optimism, the broader picture for Wipro stock remains under pressure. As reported by The Hindu BusinessLine, the scrip is down over 23% year-to-date and around 18% over the past year, significantly underperforming the Nifty 50. Its 52-week high stands at ₹273.10 hit in December 2025, while the 52-week low of ₹186.50 was recorded as recently as late March 2026. Traded volume stood at 278.37 lakh shares with a traded value of ₹578.71 crore in early session.
