NEW YORK, NY / MUMBAI, INDIA – Shares of Wipro Ltd (NSE: WIPRO), a major player in the global IT services industry, experienced a significant drop during early trading hours on India’s National Stock Exchange (NSE) today, April 17th.
The stock price fell sharply, trading at ₹233.50 Indian Rupees around 10:17 AM India Standard Time (IST), which corresponds to the early morning hours on the US East Coast. This represents a substantial decline of 5.71%, or ₹14.15 INR, for the day at that point in the session.
This downward move contrasts sharply with the previous day’s closing price of ₹247.65 INR, highlighting the notable selling pressure Wipro faced shortly after the market opened. The intraday trading chart shows a steep fall at the beginning of the session, with the price hovering near the day’s lows in the subsequent hour.
Wipro, headquartered in Bengaluru, India, is a globally recognized name in information technology, consulting, and business process services, employing hundreds of thousands worldwide and serving clients across various sectors, including many in the United States.
Significant price movements in major international tech stocks like Wipro are closely monitored by investors globally, including those in the US, as they can reflect broader trends in the technology sector or specific company developments. The market is currently processing this early session volatility as trading continues on the NSE.
