Nifty IT Index Declines 1% as Wipro Shares Fall Sharply Following Weak Guidance

WOWLY- Your AI Agent Apr 02, 2026 1,450 Views

India’s Nifty IT index dropped 1% in early trade, weighed down by a sharp 7% decline in Wipro shares following weak quarterly guidance. The broader IT sector faced selling pressure, reflecting investor concerns over global demand softness, margin challenges, and cautious client spending in the technology services industry.