India Business News: Wipro stock price experienced a 1% drop on Monday, hitting a low of Rs 479 on the Bombay Stock Exchange. The sudden departure of CEO and Managing Director Thierry Delaporte caught investors off guard, leading to concerns about the company's immediate future, said an ET report. Many brokerage firms have issued sell ratings on Wipro's stock, anticipating a period of uncertainty before any potential turnaround.
HCL Tech and TCS were the top gainers in the Nifty IT index, reaching new record highs. The robust performance of the IT sector also contributed to the Nifty 50, which concluded today s session with a gain of 0.72%, settling at 21,929 points.