Wipro shares crack 5%, down 8% in two sessions. What’s behind the selloff?
- Posted on June 8, 2026
- By Business News Today
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- 1 min read
Wipro shares crack 5%, down 8% in two sessions. What’s behind the selloff?
Wipro shares fell sharply on Monday, extending a two-day decline of more than 8% after the stock turned ex-record date for its Rs 15,000 crore buyback. Weak global tech sentiment, rising US bond yields, and cautious commentary from Morgan Stanley further weighed on investor sentiment toward the IT major.
