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Updated - May 29, 2026 at 01:20 PM.

Shares of Wipro Limited opened sharply higher on the National Stock Exchange on Friday, extending momentum from a strong overnight rally in the US market, as investors reacted positively to the company’s expanded artificial intelligence partnership with ServiceNow.

The stock opened at ₹211.00, up nearly 4.6 per cent from Wednesday’s close of ₹201.58, before paring some gains to trade at ₹205.53, up ₹3.95 or 1.96 per cent, as of 9:40 am. The counter was among the top gainers on the Nifty 50 index in early trade. The day’s high of ₹211.00 touched the upper band of ₹221.73. Sell-side pressure was visible early, with sellers accounting for over 76 per cent of the total order quantity against buyers at around 24 per cent.

The domestic move follows a sharp surge in Wipro’s American Depositary Receipt on Wall Street on Wednesday, where the ADR climbed over 13 per cent to around $2.33, reflecting strong investor appetite for the company’s AI-driven growth strategy.

Yesteday, Wipro announced an expanded partnership with ServiceNow to implement and scale agentic AI workflows across enterprise functions including IT, HR, procurement, and cybersecurity. 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.

On the charts, Virat Jagad, Senior Technical Research Analyst at Bonanza, notes that Wipro is showing signs of base formation near the long-term support zone around ₹200–202 after a prolonged corrective phase. "RSI has moved above 55, indicating gradual strength recovery on the daily chart," he said, adding that a decisive move above ₹212–218 could trigger fresh buying towards ₹235 and ₹250 in the coming weeks. He flagged ₹200 as a crucial support level for positional traders.

Despite the day's optimism, the broader picture for Wipro stock remains under pressure. The scrip is down over 23 per cent year-to-date and around 18 per cent 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, reflecting active investor interest.

Published on May 29, 2026

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