Shares of Indian IT major Wipro saw a significant uptick on Friday, May 29, 2026, climbing 5% in early trading. The surge came after the company announced an expanded strategic partnership with ServiceNow, aimed at deploying advanced agentic AI workflows across diverse enterprise functions.
The collaboration will see Wipro integrating its proprietary Wipro Intelligence AI suite directly with the ServiceNow AI Platform. This integration is designed to help enterprises automate and streamline critical workflows spanning IT operations, human resources, procurement, and cybersecurity.
Market Reacts to AI Collaboration
In the domestic market, Wipro's stock price rose to Rs 211.20 on the BSE, pushing the IT firm's market capitalization to Rs 2.18 lakh crore. The positive sentiment extended to global markets, with Wipro's American Depository Receipts (ADRs) on the NYSE jumping an impressive 18.54% to $2.43 overnight.
The rally in Wipro's ADRs also had a ripple effect, with Infosys' ADRs experiencing a 2.5% rise to $12.70 on the NYSE. This market reaction underscores investor optimism regarding Wipro's strategic move into enhanced AI capabilities and its potential to drive efficiency and innovation for its clients.
Focus on Agentic AI Workflows
The core of this expanded partnership lies in leveraging agentic AI—autonomous AI systems capable of performing tasks and making decisions—to transform enterprise operations. By integrating these advanced AI capabilities, Wipro and ServiceNow aim to deliver more intelligent, automated solutions that can significantly improve productivity and operational resilience across various business sectors.