Shares of Wipro Limited opened significantly higher on the National Stock Exchange on Friday, buoyed by a strong overnight rally in the US markets. Investor sentiment was further enhanced by the company’s announcement of an expanded partnership with ServiceNow focused on artificial intelligence.
The stock opened at ₹211.00, representing an increase of approximately 4.6% from Wednesday’s closing price of ₹201.58. However, it later pared some gains, trading at ₹205.53, which reflects an increase of ₹3.95 or 1.96% as of 9:40 am. In early trading, Wipro was among the top gainers on the Nifty 50 index. The stock reached a day high of ₹211.00 but faced selling pressure, with sellers representing over 76% of total order quantities compared to buyers at around 24%.
This domestic uplift follows a notable rise in Wipro’s American Depositary Receipt (ADR) on Wall Street on Wednesday, where it surged over 13% to approximately $2.33, indicative of strong investor interest in the company’s AI-centric growth strategy.
On Thursday, Wipro announced its enhanced collaboration with ServiceNow to implement and scale agentic AI workflows across various enterprise functions, including IT, HR, procurement, and cybersecurity. This partnership integrates Wipro’s Intelligence platform—a suite of AI-powered offerings—with the ServiceNow AI Platform, aiming to streamline operational governance and reduce manual coordination. The specific solutions under this collaboration include SmartProcure for procurement, Telco Autonomous Networks for telecom operations, and Cyber Transform for cybersecurity.
Technical analysis by Virat Jagad, Senior Technical Research Analyst at Bonanza, indicates that Wipro is forming a base near long-term support levels at ₹200–202 after a prolonged period of correction. “The RSI has moved above 55, suggesting a gradual recovery in strength on the daily chart,” Jagad noted. He mentioned that a decisive breakout above ₹212–218 could trigger fresh buying, targeting ₹235 and ₹250 in the upcoming weeks. He emphasized that ₹200 is a critical support level for positional traders.
Despite the day’s positive sentiment, the overall trajectory for Wipro stock remains challenging. Year-to-date, it is down over 23%, and has fallen approximately 18% over the past year, significantly underperforming the Nifty 50 index. Wipro’s 52-week high stands at ₹273.10, reached in December 2025, while the 52-week low of ₹186.50 was recorded as recently as late March 2026. Early session trading volume reached 278.37 lakh shares, with a total traded value of ₹578.71 crore, highlighting active investor engagement.
Published on May 29, 2026.
