Wipro sees a breakout, outperforms on buzz of change in leadership

Shares of the Wipro ended 1.61% higher at ₹470.10 on the NSE. Benchmarks Nifty 50 and Sensex ended 0.3-0.4% higher, while the Nifty IT index ended 0.4% in the red. Analysts do not rule out the likelihood of the stock gaining another 10% from current levels. Market talk of Wipro looking to bring in a new chief has propped up the stock price of late, helping it break out of its consolidation phase, and gain nearly 9% in three sessions.