India's Wipro slips as weak forecast fuels fears of prolonged IT slowdown
17/07/2026 04:59
India's Wipro slips as weak forecast fuels fears of prolonged IT slowdown July 17 (Reuters) - Shares of India's Wipro WIPR.NS fell 2% on Friday after the IT services firm's quarterly earnings miss and weak outlook disappointed investors, reinforcing concerns that sluggish client spending, delayed deal ramp-ups and AI-led disruption could weigh on growth for longer.
The stock was down at 174.17 rupees, making it the biggest loser on both the Nifty IT index .NIFTYIT and the benchmark Nifty 50 .NSEI.
(Reporting by Kashish Tandon in Bengaluru; Editing by Sherry Jacob-Phillips)
((Kashish.Tandon@thomsonreuters.com; 8800437922;))
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