Indian IT services company Wipro witnessed a strong rise in its share price on May 29, 2026, after announcing an expanded partnership with ServiceNow to accelerate the adoption of agentic artificial intelligence workflows across enterprise operations.
Wipro’s shares climbed as much as 4% during early trading, reflecting positive investor sentiment following the announcement. Later in the session, the stock trimmed some gains but continued trading 2.60% higher at ₹206.82 by 9:51 a.m. IST. The move positioned the company for its biggest intraday percentage gain since April 1.
Under the expanded collaboration, Wipro and ServiceNow will work together to deploy AI-powered automated workflows across critical business functions, helping enterprises improve efficiency, decision-making, and operational productivity. The partnership focuses on integrating advanced AI capabilities into areas such as customer service, IT operations, human resources, and finance management.
The announcement comes at a time when global technology firms are increasingly investing in agentic AI systems, which are designed to perform tasks autonomously, respond intelligently to changing situations, and reduce manual intervention in enterprise processes.
Market experts believe the partnership could strengthen Wipro’s positioning in the rapidly evolving AI services market, where businesses are actively seeking solutions that combine automation with intelligent decision-making capabilities. The development also highlights the growing demand for AI-driven enterprise transformation services among global clients.
The collaboration is expected to help organizations streamline workflows, improve response times, and enhance overall digital transformation strategies through scalable AI integration.
Investor optimism around artificial intelligence initiatives has continued to influence technology stocks globally, and Wipro’s latest announcement added to expectations that Indian IT companies may benefit from rising enterprise AI spending in the coming years.
