Shares of Wipro rose as much as 4.5% on Thursday after the IT services company announced an expanded partnership with ServiceNow aimed at accelerating enterprise adoption of agentic artificial intelligence across key business functions.
The stock climbed to around ₹211 during intraday trading, marking its strongest single-session gain in nearly two months, as investors responded positively to the company’s growing focus on AI-driven enterprise solutions.
Under the expanded collaboration, Wipro will integrate its Wipro Intelligence platform, a suite of AI-powered tools and services, with ServiceNow’s AI platform to help enterprises automate and streamline workflows across IT, human resources, procurement, and cybersecurity functions.
The partnership is centered on deploying agentic AI workflows, an emerging category of artificial intelligence systems designed to execute tasks, coordinate actions, and make operational decisions with limited human intervention.
Investor sentiment was further supported by a sharp rally in Wipro’s American Depositary Receipts, which surged more than 13% in US trading following the announcement. Market participants viewed the expanded alliance as a signal that Wipro is strengthening its position in the rapidly evolving enterprise AI market.
The announcement also lifted broader sentiment across India’s information technology sector. The Nifty IT index gained more than 2%, with peers including Infosys, TCS, and HCLTech also trading higher as investors rotated into technology stocks amid optimism around AI-led spending.
The move comes at a time when Indian IT companies are facing growing pressure to adapt their business models as generative AI reshapes traditional outsourcing and software services markets. Analysts say partnerships focused on enterprise automation and AI deployment are increasingly becoming key growth drivers for the sector.
