India's Wipro slips as weak forecast fuels fears of prolonged IT slowdown

Shares of India’s Wipro 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 and the benchmark Nifty 50.