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Infosys, TCS, Wipro face near-term AI, macro headwinds: Nomura
The brokerage said the Nifty IT Index has underperformed the broader market by 20% since the start of 2026, largely due to valuation compression amid concerns over AI-driven disruption
Wipro shares rise for 9th straight session, buyback record date at June 5
The IT services company has fixed June 5 as the record date for the buyback.
Wipro ADRs surge 18% after expanded ServiceNow tie-up; Indian shares in focus ahead of buyback record date
Wipro's US shares surged 21 percent intraday after ServiceNow partnership. The expanded deal is to deploy agentic AI workflows across IT, HR, procurement. Wipro's share buyback in India is set for June 5, Rs 250 per share.
Nifty IT rises amid weak market; Wipro, Infosys gain 1-2% amid geopolitical uncertainty, rupee tailwinds
The relative outperformance in Indian IT stocks comes at a time when volatility has picked up due to escalating tensions in West Asia, pushing investors towards defensives and export-oriented sectors.
Stocks to Watch Today: Wipro, Omnitech, KEC International, Motherson, Vascon Engineers, Borosil, Relaxo Footwears, Hatsun Agro, Redington in focus on 12 March
Stocks to Watch, 12 March: Stocks like Wipro, Omnitech Engineering, KEC International, Samvardhana Motherson International, Vascon Engineers, Borosil, Relaxo Footwears, Mahanagar Gas, Hatsun Agro Product, Bharat Forge, Everest Industries, and Redington will be in focus on March 12.
Wipro announces June 5 as record date for Rs 15,000 crore share buyback
This is the first time in nearly three years that the Bengaluru-based IT services company has announced a share buyback.
Wipro board approves Rs 15,000-crore share buyback via tender offer at 19% premium
The share buyback price reflects a premium of 19 percent over Thursday's closing price of Rs 210.15 per share on NSE.
Wipro stock falls 4%, emerges as top Nifty loser today as share buyback enters record date
Wipro's board has approved the repurchase of up to 60 crore equity shares, equivalent to nearly 5.7 percent of its paid-up equity capital, with the total buyback size capped at Rs 15,000 crore. Investors seeking to participate in the buyback were required to purchase shares by June 4.
Sensex Today | Stock Market Live: Sensex slips 470 pts, Nifty below 24,150; Max Healthcare, JSW Steel, SBI Life top losers
Sensex Today | Stock Market LIVE Updates: Nifty Midcap index up 0.2% and Smallcap indices up 0.7%. Among sectors, metal, media, realty, oil & gas, power up 0.5-1% each. Adani Ports, Interglobe Aviation, Wipro, NTPC and Hindalco are among major gainers on the Nifty, while losers are Tata Consumer, Max Healthcare, JSW Steel, SBI Life Insurance, Axis Bank.
Taking Stock: Nifty ends above 24,200, Sensex up 1,264 points; all sectors rally
Interglobe Aviation, Max Healthcare, Power Grid Corp, Wipro, Eternal were among biggest gainers on the Nifty, while losers were Dr Reddy's Laboratories, Bharti Airtel, ICICI Bank.
Closing Bell: Nifty crosses 24,200, Sensex surges 1,264 pts on renewed hopes of US-Iran peace talks
Interglobe Aviation, Max Healthcare, Power Grid Corp, Wipro, Eternal were among biggest gainers on the Nifty, while losers were Dr Reddy's Laboratories, Bharti Airtel, ICICI Bank. All the sectoral indices ended in the green with Capital Goods, Oil & Gas, Power, Infra, Media, Realty, Consumer Durables, IT rise 2% each. Nifty Midcap and Smallcap indices up more than 2 percent each.
Wipro shares fall over 11% in 2 days; should you buy, sell or hold?
According to market analysts, the sharp fall reflects a price adjustment following the buyback record date rather than any deterioration in the company's underlying business fundamentals.