Wipro Loses $650M in Value on Weak Forecast

Wipro shed more than $650 million in market capitalization following a weak forward guidance, rattling investor confidence in one of India's largest IT services exporters. The selloff reflects a broader concern about demand visibility across the sector, as enterprise technology spending remains cautious heading into the next quarter. Wipro's guidance miss signals that clients, predominantly large Western corporates, are continuing to defer or scale back discretionary IT contracts, squeezing revenue growth expectations for the near term. The market reaction puts pressure on Wipro's management to articulate a credible recovery path, and will sharpen analyst scrutiny on peers including Infosys and TCS when they report. For investors tracking Indian IT as a proxy for global enterprise spending sentiment, a guidance-driven drawdown of this magnitude is a meaningful signal on sector repricing risk.