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StocksMedium•29 May 2026•

2 min read

Wipro Shares Jump 5% on Expanded AI Partnership with ServiceNow

Key Facts

1Wipro shares surged nearly 5% in early trade following an 18.54% rally in its American Depositary Receipts (ADRs) on the NYSE.

2Wipro announced an expanded partnership with ServiceNow to integrate agentic AI workflows across core enterprise functions.

In a move reflecting the accelerating adoption of AI within the IT services sector, Wipro shares surged nearly 5% in early trading sessions. This rally followed the company's announcement of an expanded strategic partnership with ServiceNow to integrate agentic AI workflows across core enterprise functions. The domestic price action mirrored a substantial 18.54% jump in Wipro’s American Depositary Receipts (ADRs) on the New York Stock Exchange during the previous session.

This partnership comes as major Indian IT firms face intensifying competition for AI-driven contracts, with peers like Infosys and TCS reporting growth in digital transformation deals in recent quarters. According to market data, the collaboration aims to automate complex tasks and boost operational efficiency using the ServiceNow AI Platform. Industry experts note that the shift toward "agentic AI" represents an advanced stage of automation, moving beyond simple chatbots to executing end-to-end enterprise processes.

Technically, Wipro (listed as 0L5N.L) is trading at elevated levels as investors price in potential margin improvements from AI-led efficiencies as of the close on May 29, 2026. Traders are now looking toward upcoming catalysts, including the US Consumer Confidence data scheduled for release next week, which could impact global tech spending sentiment. Maintaining support near the morning's gap-up levels will be critical for sustaining the current bullish momentum.