Wipro share price dips as Nifty IT hits low in 2026

What happened to Wipro on 1 July 2026

Wipro Ltd shares traded lower in the latest session highlighted in the data, reflecting broader weakness across Indian IT stocks. As of 01 Jul, 2026, 03:59 PM IST, Wipro share price was reported at Rs 170.13. The stock was stated to be down 0.16% versus its previous close.

The move was tracked alongside a sharp sell-off in the IT pack, with the sectoral index under pressure. Headlines during the session pointed to a risk-off mood in technology counters, driven by global cues and renewed uncertainty around near-term demand.

Wipro price check: last traded price and stated previous closes

The dataset contains two reference points for Wipro’s previous close. One line notes Wipro “moved down by -0.16% from its previous close of Rs 170.39” with the last traded price at Rs 170.13. Another line, time-stamped 01 Jul, 2026, 03:59 PM IST, also reports Wipro down 0.16% but “basis the previous closing price of Rs 175.48”, with the share price again at Rs 170.13.

Both references indicate the stock was marginally lower on the day, while the sector’s broader fall was far steeper. The focus for investors was less about Wipro’s small percentage change and more about the direction of the IT index and global signals coming from the US market.

Nifty IT hits a fresh 52-week low

The weakness was not limited to one stock. A key headline in the feed stated: “Nifty IT hits fresh 52-week low as Infosys, TCS, Wipro & others tumble up to 3%.”

Another update said Nifty IT fell nearly 3%, with Infosys, TCS, and Wipro among top losers as US rate fear and AI disruption weighed on the sector outlook. This combination of macro uncertainty and technology-led disruption became the dominant narrative around IT services names.

Why global cues mattered: Nasdaq fall and risk-off sentiment

The negative tone was reinforced by a sharp fall in US equities. The feed noted that US stocks tumbled on Friday, with the Nasdaq Composite falling over 4%. Against that backdrop, Indian IT stocks such as Infosys, TCS, HCL Technologies, Wipro, and Tech Mahindra were flagged as being in focus.

For Indian IT, which is closely watched for US demand trends and client spending commentary, large moves in US technology indices often feed into near-term sentiment. The referenced Nasdaq decline added to caution, especially as investors looked for signs of a recovery in technology spending.

Accenture guidance cut adds pressure to IT sentiment

One of the strongest triggers mentioned was a guidance reset in the US services space. The feed said Indian IT stocks “may face pressure” after Accenture’s guidance cut, with brokerages citing macro and geopolitical challenges for weak demand.

It also noted that Indian IT counters could remain under pressure after an overnight sell-off in Accenture and weakness in Indian IT ADRs, reinforcing concerns about a slow recovery in technology spending.

ADR moves: Infosys and Wipro in the US spotlight

Several ADR price moves were referenced, showing how sentiment travelled across markets:

• “Negative sentiment spilled over” with Infosys ADR falling 9.7% and Wipro ADR declining 3.6%.
• In another update, Infosys ADRs plunged 5.05% to $13.91 on NYSE, then were up 0.72% at $14.01 in after-hours trade. Wipro ADRs fell 3.10% to $1.19.
• Elsewhere, Infosys ADRs slumped over 7% while Wipro ADRs fell 5.4% to $1.26.
• Another mention said Wipro ADRs fell over 4% to close at $1.39, while Infosys ADRs declined to $15.76.
• A separate line noted Wipro ADRs fell 4.6% to $1.28.

The feed also included instances of recovery: Infosys ADR climbed 2.34% in after-hours to $12.69 after falling 1.35% in the regular session, while Wipro ADRs advanced 1.45% to $1.1 and “added another half-a-per cent” in after hours.

TCS Q4 results and the ripple into ADRs

TCS’ quarterly results were also tied to short-term volatility in ADRs. The feed said that after TCS reported its Q4 results, ADRs of Wipro and Infosys on the NYSE saw sharp early trade moves. One segment stated Wipro and Infosys ADRs slumped over 2% in early trade after the TCS result.

It also noted Wipro announced it would consider a share buyback proposal on April 16, even as its ADRs were down nearly 2% during that early reaction window. In the same set of lines, Infosys ADR was described as ending down 1.71%, while Wipro showed a 0.44% uptick.

AI disruption worries: the “Anthropic shock” narrative

Apart from macro and guidance cuts, AI was repeatedly cited as a driver of anxiety. One update pointed to “fresh AI disruptions by Anthropic” in the context of an overnight ADR fall. Another described investor worries around AI-driven disruption, including a legal-tech tool launched by Anthropic for corporate legal teams.

The broader takeaway in the feed was that investors were watching whether AI adoption could increase competition and create margin pressure across IT services, keeping near-term demand visibility and pricing commentary in focus.

Key figures mentioned

What investors tracked next

Across the updates, the immediate focus remained on global risk sentiment, the read-through from Accenture’s guidance, and the direction of ADR trading for Indian IT names. The headlines also showed how quickly narratives can rotate between macro fears and AI-led disruption themes.

Near-term trading in Wipro and peers was framed around market reactions to overseas developments, including Wall Street moves, ADR volatility, and any new client-spending commentary that could follow guidance changes in the global IT services space.