Wipro

Wipro's board will meet on July 16 to approve Q1FY27 results. The company also considers an interim dividend while its shares face selling pressure, dropping 34% this year so far.

Wipro ADRs fell over 16.89% to $1.870 apiece on the NYSE even as ADRs of Infosys rose 1.53% to $10.65, while technology peers Cognizant and Accenture gained 6.04% and 5.38%, respectively.

Indian IT stocks like Infosys, Wipro, Tata Consultancy Services, HCL Tech fell up to 3% in Tuesday's trading session global tech sell off.

Stock market today: On Tuesday, the Sensex advanced 544.15 points, or 0.71%, to settle at 76,808.48, while the Nifty 50 climbed 135.25 points, or 0.57%, to close at 23,989.15.

Wipro's ₹ 15,000 crore share buyback, priced at ₹ 250 per share, offers 37% premium over market value. The buyback, open until June 17, allows eligible shareholders to tender shares, with specific entitlement ratios for retail and general investors.

The Indian stock market faced a significant sell-off on June 8, with benchmark indices dropping over 1% due to rising crude oil prices and weak global cues. The Nifty 50 fell 1.05% and the Sensex dropped 0.95%, reflecting widespread market weakness across all sectors.

The Nifty IT Index decreased by 2% on June 8, primarily due to significant losses in major stocks, particularly Wipro. Conversely, Tech Mahindra and a few others showed gains, helping to soften the index's drop.

Wipro share price touched an intraday high of ₹ 196.40 per share on NSE today. Here's share buyback details, along with the share price trend.