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Wipro Ltd is down for a fifth straight session today. The stock is quoting at Rs 174.35, down 0.08% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.93% on the day, quoting at 24046.8. The Sensex is at 77061.45, up 1.13%.Wipro Ltd has lost around 15.71% in last one month.Meanwhile, Nifty IT index of which Wipro Ltd is a constituent, has eased around 5.23% in last one month and is currently quoting at 27012.05, up 1.68% on the day. The volume in the stock stood at 409.01 lakh shares today, compared to the daily average of 350.77 lakh shares in last one month.
The benchmark June futures contract for the stock is quoting at Rs 175.07, up 0.59% on the day. Wipro Ltd tumbled 35.28% in last one year as compared to a 4.75% slide in NIFTY and a 29.66% fall in the Nifty IT index.
The PE of the stock is 15.11 based on TTM earnings ending March 26.
Wipro announced the expansion of its partnership with Palo Alto Networks, the global AI cybersecurity leader, to offer AI-driven Managed Detection and Response (MDR) services.
The partnership brings together Palo Alto Networks' Cortex XSIAM with CyberShield, Wipro's managed security services capabilities in a more focused offering for modern security operations. The new offering will deliver proactive cyber defense with simplified workflows using machine learning, AI, and automation to predict and protect against future attacks. It will enable faster detection and response across complex environments, while filtering signals from noise, improving analyst efficiency, and increasing focus on critical, high-impact threats.
This offering is supported by Wipro's WEGA and WINGS, AI delivery platforms that are a part of Wipro Intelligence™, suite of AI-powered platforms, solutions, and transformative offerings for workflow orchestration, service transition, and automation at scale across security operations.
The expanded relationship builds on an existing foundation with Palo Alto Networks across cloud, network and security transformation, and reflects growing demand from clients for more integrated, AI-led security operations.
This additional stake purchase in Aggne will further strengthen Wipro's competitive advantage in the insurance sector—particularly in driving AI, and IP led transformations for the Property & Casualty Insurance (P&C) sector.
With this, Wipro's overall shareholding in Aggne Global IT Services will increase to 80%.
Aggne Group is a fast-growing Insurtech company offering a wide range of AI, and Intellectual Property driven services designed to help insurers transform operations, drive new efficiencies, and deliver optimal customer experiences.
Consumer durables, IT and media shars advanced while metal, realty and auto shares declined.
At 09:25 IST, the barometer index, the S&P BSE Sensex advanced 58.36 points or 0.08% to 76,866.84. The Nifty 50 index jumped 19.05 points or 0.08% to 24,011.40.
In the broader market, the BSE 150 MidCap Index gained 0.09% and the BSE 250 SmallCap Index added 0.36%.
The market breadth was strong. On the BSE, 1,820 shares rose and 1,032 shares fell. A total of 163 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 749.18 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 0.06 crore in the Indian equity market on 16 June 2026, provisional data showed.
Numbers to Track:
The yield on India's 10-year benchmark federal paper shed 0.12% to 6.858 compared with previous session close of 6.866.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 94.3900 compared with its close of 94.6000 during the previous trading session.
MCX Gold futures for 5 August 2026 settlement shed 0.20% to Rs 152,792.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.01% to 99.53.
The United States 10-year bond yield rose 0.16% to 4.428.
In the commodities market, Brent crude for August 2026 settlement fell 20 cents or 0.25% to $78.76 a barrel.
Stocks in Spotlight:
Wipro advanced 1.26% after the company announced the launch of its Applied AI Center of Excellence (CoE) for Claude models powered by Anthropic, reinforcing its commitment to accelerating enterprise AI adoption and impact. The CoE, a key initiative under the company's AI-Native Business & Platforms Unit, is aimed at scaling enterprise AI adoption and embedding AI capabilities into core business workflows across industries.
Nykaa added 2.33% after the company announced a partnership with OpenAI to enhance shopping experiences through artificial intelligence and enable users to access its product catalogue directly via ChatGPT. The collaboration aims to improve product discovery and customer engagement through AI-powered solutions.
Bharat Forge shed 0.08%. The company announced that its subsidiary, Kalyani Strategic Systems (KSSL), in collaboration with Paramount, showcased the Simha 4x4, a next-generation light armoured multi-purpose vehicle, at Eurosatory 2026.
Global Markets:
Asia markets traded mostly lower Wednesday as traders looked ahead to the US central bank’s interest rate decision.
Wednesday’s Federal Open Market Committee meeting marks the first one with new Chairman Kevin Warsh at the helm of the U.S. central bank. Investors are largely expecting that the Fed will keep interest rates unchanged at a target range of 3.5% to 3.75%.
Meanwhile, Japan’s exports in May grew at their fastest pace since November 2022, rising 17% year on year, driven by robust demand for cars and semiconductors. Growth was higher than the 16.2% figure that was widely reported in the media, and up from the 14.8% in April.
Overnight on Wall Street, the Dow Jones Industrial Average rose to a record high on Tuesday as investors rotated out of chipmakers and into cyclical stocks amid declining oil prices.
The 30-stock index advanced 328.64 points, or 0.64%, for a record close of 51,999.67. It scored a new all-time intraday high of 52,190.29 in the session. The S&P 500 fell 0.57% and ended at 7,511.35, while the Nasdaq Composite pulled back 1.15% to 26,376.34.
Market sentiment stayed positive following the peace agreement between the United States and Iran, which eased geopolitical concerns and supported risk appetite. However, caution prevailed due to delays in monsoon progress, which have heightened concerns over food inflation. Market participants will closely track key outcomes from the G7 Summit, along with monsoon developments, foreign institutional investor (FII) activity, and inflation trends for further directional cues.
Consumer durables, PSU Bank and IT shares surged while realty, auto and FMCG shares declined.
At 13:25 IST, the barometer index, the S&P BSE Sensex advanced 193.91 points or 0.26% to 76,998.28. The Nifty 50 index jumped 44.85 points or 0.19% to 24,036.45.
The broader market outperformed the frontline indices. The BSE 150 MidCap Index gained 0.36% and the BSE 250 SmallCap Index added 0.53%.
The market breadth was strong. On the BSE 2,304 shares rose and 1,786 shares fell. A total of 196 shares were unchanged.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 94.3700 compared with its close of 94.6000 during the previous trading session.
In the commodities market, Brent crude for August 2026 settlement fell 52 cents or 0.66% to $78.44 a barrel.
Gainers & Losers:
Trent (up 5.15%), Eternal (up 1.97%), Bharat Electronics (up 1.66%), Tech Mahindra (up 1.58%) and Infosys (up 1.22%) were the major Nifty50 gainers.
Tata Motors PV (down 2.78%), Cipla (down 2.02%), Bajaj Finserv (down 1.64%), Mahindra & Mahindra (down 1.32%) and Eicher Motors (down 1.10%) were the major Nifty50 losers.
Monsoon Gap Raises Concerns:
India's southwest monsoon has stalled after reaching Kerala, leaving the country with a rainfall deficit of 35% as of 16 June. The shortfall is most severe in central India (63%) and eastern and northeastern regions (43%), while the monsoon has yet to reach Mumbai, more than a week after its normal arrival date. The delay comes amid growing concerns over a developing El Niño, which typically weakens monsoon rains.
The India Meteorological Department (IMD) expects the current slowdown to persist for another five to six days due to unfavorable weather conditions. In response, the Centre has placed 150-200 districts under close monitoring, asked states to prepare crop contingency plans, and warned that a weak monsoon could increase food inflation and pressure agricultural output. Despite the concerns, officials said seed, fertiliser and reservoir stocks remain adequate for now.
G7 Summit:
The Group of Seven (G7) is an annual forum comprising the world's leading advanced economies that discusses key global economic, security, and geopolitical issues. The 2026 G7 Summit is being hosted by France in Évian-les-Bains from 15 to 17 June.
Prime Minister Narendra Modi yesterday addressed the Outreach Session on ‘“Forging New Partnerships and Rebuilding International Solidarity”, at the G7 Summit in Evian, France.
In his intervention, Prime Minister underlined that, in an interconnected world, where energy, food, health, cyber, and economic security are intertwined, building international partnerships was a necessity for the progress and prosperity of humanity. He further added that, in an uncertain world, trade and technology were being misused for narrow interests, leading to a trust deficit in the international arena.
Among the key developments being closely watched is the meeting between Indian Prime Minister Narendra Modi and U.S. President Donald Trump.
Infosys rose 1.36% after the company announced a strategic, long-term collaboration with Valmet, a global technology leader serving process industries. The company will deploy its AI-powered Infosys Topaz Fabric, a composable and open agentic services suite, to embed intelligence across IT operations. Under the agreement, the company will modernize Valmet's core IT services and deliver end-to-end IT transformation initiatives aimed at enhancing operational efficiency and aligning IT operations more closely with business priorities.
Tata Capital rose 0.49%. The company said that its board of directors has approved a proposal to raise up to Rs 36,000 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis, subject to shareholder approval. The issuance may be undertaken in one or more tranches through one or more categories of instruments, including secured or unsecured NCDs, subordinated debt, perpetual debt instruments, market-linked debentures and green bonds.
Puravankara rose 1.12% after the real estate developer announced the acquisition of a 9.73-acre land parcel in North Bengaluru. The company said the land parcel is located at Sanna Ammanikere in the rapidly developing airport corridor. The project has a development potential of around 0.89 million square feet and an estimated gross development value (GDV) of Rs 800 crore.
Meta Infotech hit an upper circuit of 5% after the company announced the receipt of significant renewal orders from a leading stock exchange and a private sector bank. In a regulatory filing, the company stated that it has secured a renewal order worth Rs 2.20 crore from one of India's leading stock exchanges for software subscription services. The contract covers the period from 23 June 2026 to 22 June 2027 and is scheduled to be executed within 15 days.
Krishna Defence and Allied Industries rallied 5.48% after the company announced a new order from the Ministry of Defence. The company said it has received an order worth Rs 45.64 crore, for the supply of special steel products to be used in a shipbuilding project. According to the company, the order is scheduled to be executed within eight months.
Prime Focus hit the 5% upper circuit after the Securities and Exchange Board of India (SEBI) closed adjudication proceedings against the company, its promoters, directors and chief financial officer.
The case stemmed from SEBI's investigation into two intra-group business transfer transactions undertaken in FY20 and FY22. The regulator had alleged that the accounting treatment adopted for the transactions inflated profits and net worth, resulting in misleading financial statements.
In its final order, SEBI held that the allegations were not established. The adjudicating officer noted that the accounting provisions cited in the show-cause notice applied to the acquiring entity, while Prime Focus was the transferor in the transactions.
Global Market:
Most European market declined as U.K. inflation held at 2.8% in May from 2.8% in April 2026. Britain’s Office for National Statistics said Wednesday that transport had been the biggest contributor to rising prices in May, partially offset by falling food and non-alcoholic drink prices. The Bank of England is expected to hold interest rates at 3.75% this week.
The U.K.’s May print fell below the euro zone’s 3.2% reading for May, and well below the U.S. May inflation rate of 4.2%.
Wipro announced the launch of its Applied AI Center of Excellence (CoE) for Claude models powered by Anthropic, reinforcing its commitment to accelerating enterprise AI impact. The CoE was inaugurated at its Bengaluru innovation hub and is a key initiative under the newly formed AI-Native Business & Platforms Unit.
The CoE strengthens Wipro's ability to scale enterprise AI adoption using Claude models. These capabilities are integrated across the Wipro Intelligence™ stack – including delivery, functional, and industry platforms, to embed AI into core business workflows across industries.
Wipro has been building a global talent pool of Forward Deployed Engineers (FDEs) trained on Claude models, with a deep understanding of model behavior and real-world application. These engineers operate within client environments, combining knowledge of business processes and technology landscapes with hands-on model expertise. The objective is to accelerate AI integration into workflows and deliver clear, measurable outcomes, reflecting a ‘proof over promise' approach that underpins Wipro's AI strategy.
The Applied AI CoE for Claude also serves as a hub to accelerate the development of AI-native platforms and industry solutions across Mortgage, Healthcare, Airlines, Manufacturing and Consumer sectors. Claude models are embedded into Wipro's platforms to enable co-innovation with clients in live environments, while also scaling AI adoption across Wipro's own Finance, HR, and Sales functions as part of its internal transformation.
A key differentiator in Wipro's enterprise AI strategy is the certification of 10,000 Front-Line Delivery Experts on their use of Claude over the next 18 months. This program is designed to build a strong base of practitioners capable of designing, deploying, and operating AI-enabled systems in complex enterprise environments.