Wipro share price up 1% as ADRs sink 17% in 2026

Diverging cues between India and the US

Wipro’s stock showed a split reaction across markets this week, rising modestly in India even as its American Depository Receipts (ADRs) saw sharp overnight declines on the NYSE. In Thursday’s session, Wipro shares climbed as much as 1% to ₹172.74 on the NSE. The move came despite the ADRs falling more than 17% in the preceding US session.

The mixed price action reflected two competing themes in the IT services sector: global risk-off sentiment after weak outlook signals from Accenture, and a separate global rally in some technology names linked to AI-related developments.

What happened to Wipro ADRs overnight

In one of the sharper moves cited, Wipro ADRs fell 16.89% to $1.870 apiece on the NYSE. In the same market window, Infosys ADRs were up 1.53% to $10.65, while US-listed peers in the IT services space such as Cognizant and Accenture gained 6.04% and 5.38%, respectively.

In a separate US session tied to the broader industry selloff after Accenture’s outlook, Wipro ADRs closed 3.63% lower at $1.39 apiece. During that session, Wipro ADRs also hit an intraday low of $1.25 after falling over 9%. Infosys ADRs ended 9.71% lower at $10.56 after dropping more than 10% during the session.

Wipro’s NSE trade: small uptick, tight range

On the NSE, Wipro opened at ₹169.94 compared with the previous close of ₹170.39. The stock had touched a 52-week low of ₹169.25 on 1 July, highlighting how closely it has traded to recent lows even during small rebound sessions.

While the Indian price move was positive on Thursday, the broader narrative remained cautious due to questions around earnings visibility for IT services firms and the sector’s exposure to changing client spend priorities.

AI disruption and earnings caution in focus

The decline in Wipro’s stock over recent sessions was described as an extension of a broader downturn as investors stayed cautious on earnings prospects. One factor repeatedly flagged was the potential disruption posed by artificial intelligence to traditional IT services workstreams.

Separately, the stock has stayed under pressure after the company reported weak quarterly earnings and issued cautious management guidance, alongside broader concerns about slowing demand across the global IT services industry.

Global IT sentiment: Accenture’s guidance cut triggers spillover

A key trigger for sector-wide volatility was Accenture’s reduced revenue outlook for FY26. Accenture narrowed the upper end of its full-year revenue growth forecast, which pushed its shares down more than 17% in one session and contributed to an industry-wide selloff.

Accenture now expects annual revenue growth of 3% to 4% in constant currency terms, down from its earlier 3% to 5% range. Excluding the roughly 1% impact from its US federal business, the company expects revenue growth of 4% to 5%, down from the earlier forecast of 4% to 6%.

Accenture also projected fourth-quarter revenue of $17.75 billion to $18.40 billion, below analysts’ expectations of about $18.47 billion, adding to the cautious tone around near-term demand.

Analyst view: why the guidance shift mattered

Dipeshkumar Mehta, Senior Research Analyst at Emkay Global Financial Services Ltd, said Accenture’s commentary was slightly negative, pointing to moderating Q4 guidance, a lower FY guidance mid-point, and softer deal bookings. The combination was seen as indicating near-term growth pressure amid a challenging macro backdrop.

Another pressure point came from geopolitical developments affecting client spending patterns. Accenture flagged revenue headwinds from West Asia, and a related report also cited that the Middle East conflict caused a $100 million revenue impact in Q3.

Domestic market impact: IT stocks and indices under pressure

The negative sentiment was not limited to the US. Indian IT stocks were cited as being set for a weak start after Accenture’s guidance cut, with macro and geopolitical challenges referenced as factors behind weaker demand. In one described selloff, shares of IT companies such as TCS, Infosys, Wipro, HCL Tech, and Tech Mahindra fell sharply, with declines of up to 8%.

Specific intraday lows mentioned included TCS dipping 5.4% to ₹2,083 and Infosys tumbling 8% to ₹1,041 on the BSE. Wipro shares were down over 4%, while HCL Tech and Tech Mahindra were down over 5% each. The Nifty IT index tumbled 6%, described as the worst-performing index on June 19.

A separate headline also noted Nifty IT falling nearly 3%, with Infosys, TCS, and Wipro among the top losers as US rate fears and AI disruption weighed on the outlook.

AI policy news adds another layer to tech sentiment

Alongside the selloff narrative, global IT stocks also reacted to a policy-related update involving Anthropic. A rally in global IT stocks was linked to Anthropic’s announcement that the US Commerce Department had lifted export restrictions on its most advanced Fable and Mythos AI models.

This contrast in drivers helps explain why different IT names and markets moved in different directions during the same week, depending on what investors chose to prioritize in each session.

Key numbers at a glance

What investors are watching next

For Indian IT stocks, the near-term focus remains on how global peers frame demand conditions and deal momentum, since those signals have recently driven sharp swings in ADRs and domestic prices. The emphasis on discretionary technology spending trends, deal bookings, and client decision cycles continues to shape sentiment.

Separately, brokerage commentary has turned more cautious on Wipro’s trajectory. Goldman Sachs recently said FY27 could become the company’s fourth straight year of revenue decline and lowered its revenue and earnings estimates following quarterly results. The same note described Wipro’s management commentary as broadly neutral for the broader Indian IT sector.

Conclusion

Wipro’s modest rise on the NSE alongside a sharp ADR decline underlined the sector’s current sensitivity to global cues, especially Accenture’s FY26 guidance reset and shifting demand signals. Investors are likely to track further updates on client spending, deal activity, and company guidance as the next catalysts for Indian IT stocks.