📉 Wipro Ltd (NSE: WIPRO) shares dropped 1.0% on 28 May 2026, closing at ₹201.70.
📊 Market Snapshot
| Metric | Value |
|---|---|
| Open | ₹203.85 |
| Close | ₹201.70 |
| High | ₹205.99 |
| Low | ₹200.20 |
| Change | +1.00% (₹2.02) |
| Volume | 2,53,00,000 |
| Market Cap | ₹211000 Cr |
| 52W High | ₹273.10 |
| 52W Low | ₹186.50 |
🔍 Analysis
Wipro closed at ₹201.7, down 1% from its open of ₹203.85. The drop occurred despite a trading volume of 2.53 Cr shares, exactly matching the 30‑day average, indicating that the move was not driven by unusually heavy buying or selling pressure. With the stock trading near the lower end of its 52‑week range – about 8% above the 52‑week low of ₹186.5 and 26% below the 52‑week high of ₹273.1 – the price is still relatively cheap on a historical basis. The broader market was flat, with Nifty 50 down only 0.03%, and there was no sector‑specific news for IT or any company‑specific announcements in the last 48 hours. In the absence of a catalyst, the modest decline likely reflects routine profit‑taking as investors re‑balance after recent rallies in the IT space. The unchanged sector index and the lack of any headline suggest that the move was a technical correction rather than a reaction to fundamentals. Overall, the price action aligns with a quiet market day where the stock slipped marginally on routine trading dynamics. Investors should watch upcoming earnings releases from major IT peers and any macro‑economic data that could shift sentiment in the technology sector.
🏷️ About Wipro Ltd
- Exchange: NSE
- Sector: IT
- Nifty Change: -0.03%
💡 For educational purposes only. Not financial advice.
